date:Feb 26, 2013
Key Technology, Walla Walla, Washington, USA, provider of processautomation systems, has acquired Visys NV, Hasselt, Belgium,supplier of digital sorters. Visys becomes a wholly-ownedsubsidiary of Key as of Feb. 28.
Under terms of the agreement, shareholders of privately-ownedVisys were to receive approximately $13 million in cash, 600,000shares of Key Technology common stock, and 250,000 Key Technologywarrants. The total value of the deal is approximately $21million. Visys, founded in 2004, had