Vero announces Camtek acquisition

December 13, 2006

Vero International Software has announced that its parent company VI Group plc has acquired Camtek Ltd, the UK developer of PEPS software. PEPS provides dedicated solutions for the production CAM market, incorporating mill/turn applications, wire EDM, 5-axis laser cutting, and tube cutting.

Based in Malvern, Worcs, Camtek has been an established name in the CAM market for more than 23 years and boasts a user base in excess of 15,000 in more than 60 countries.

Don Babbs, managing director of Vero International Software said, "We are delighted with today's announcement. The addition of the Camtek people will allow us to enhance both the PEPS and VISI-Series product ranges, as well as adding solutions for the wire EDM market, advanced production CAM, and specialist solutions for laser and tube cutting."

Babbs continued, "Camtek have been established in the production sector for a number of years and with two improved product ranges we have confidence in being able to expand in both the mould and die and production sectors. The combined talents of the two teams will enable us to offer our customers both new functionality and new applications to further increase the productivity of both product lines."

Camtek Managing Director Brian Warner said, "The synergy of our joint products and development activities, coupled with the close proximity of Vero International Software's UK headquarters and the size of its overseas network will allow us to increase the visibility and penetration of our PEPS Solidcut CADCAM suite around the world."



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