Microtec Acquires Lucidyne Technologies

March 7, 2020

Microtec, the Italy-based leader in lumber scanning and optimization systems, has acquired Lucidyne Technologies, Inc., a Corvallis, Oregon-based manufacturer of AI-enabled computer vision, scanning and automation technologies for the forest products industry. The acquisition combines Lucidyne’s Perceptive Sight deep-learning AI with Microtec’s broad product range to create an integrated, mill‑wide lumber scanning solution and expand both companies’ product lines and geographic reach.

Buyers
Microtec
Targets
Lucidyne Technologies, Inc.
Industry
Manufacturing
Location
Oregon, United States
Transaction Type
Buyout

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