CiTEX Holding GmbH announced the acquisition of PIXARGUS GmbH, based in Würselen, Germany.
The technically specialized company has been offering inline quality control for extrusion products for 20 years, using image processing technology to detect and document flaws and material changes as part of automated surface inspection and geometry measurement of profiles, hoses, pipes, cables and sheets made of plastic, metal, paper and fiber composites, primarily for medium-sized customers in Europe.
The acquisition hopes to underline CiTEX Holding's commitment to consolidating its position as a leading provider of sensor and measurement technology and advanced digitalization solutions worldwide, through its subsidiary iNOEX GmbH, and to distinguishing itself as a leading provider in the global plastics extrusion market.
What people are saying
"We are delighted to be able to utilize the expertise of PIXARGUS for our global customers, particularly with regard to the growth potential in the U.S., China and Asia. Thanks to PIXARGUS' specialist competence, it will be possible for our group of companies to comprehensively address our global customer base in extrusion technology in the future. In addition, the acquisition will not only enable us to increase our market share in our key markets, but we will also be able to draw on a wealth of data and knowledge as part of our data science activities," says Dr. Ralph Klose, CO-CEO, CiTEX Holding GmbH.
"The business development of the CiTEX Group over the last four decades reflects the esteem in which it is held by both customers and suppliers in the field of sensor/measurement technology and also in the more advanced segment of data processing in extrusion technology. The merger of the two companies also strengthens our planned global expansion," Klose adds.
"We are all looking forward to embarking on this journey together with our new colleagues in the CiTEX Group," says PIXARGUS Managing Directors René Beaujean and Dr. Jürgen Philipps.
