CiTEX Holding GmbH today announced the acquisition of PIXARGUS GmbH, based in Würselen, Germany. The technically specialised company has been offering inline quality control for extrusion products for 20 years, using unique 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 fibre composites, primarily for medium-sized customers in Europe. The acquisition underlines CiTEX Holding GmbH's commitment to consolidating its position as a leading provider of sensor and measurement technology and advanced digitalisation solutions worldwide, through its subsidiary iNOEX GmbH, and to distinguishing itself as a leading provider in the global plastics extrusion market.
"We are delighted to be able to utilise the expertise of PIXARGUS for our global customers, particularly with regard to the growth potential in the USA, 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 of CiTEX Holding GmbH. "PIXARGUS has profound knowledge of product development and consulting, particularly in the automotive and profiles market segments. Together, we will be able to provide our customers with comprehensive support across the entire automation cycle in the future."
"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 comprehensive expertise that CiTEX subsidiary iNOEX GmbH brings to the SME sector is a significant asset for PIXARGUS and its activities. Our joint focus on promoting digital transformation using cloud solutions makes us a comprehensive solution provider in this market segment. The merger of the two companies also strengthens our planned global expansion."
"We are all looking forward to embarking on this journey together with our new colleagues in the CiTEX Group," emphasise Managing Directors René Beaujean and Dr. Jürgen Philipps of PIXARGUS.
About CiTEX Group:
CiTEX Holding GmbH promotes and develops innovative, cross-sector technologies for industrial applications with a particular focus on and specialised knowledge in extrusion. Research, coaching, target market analyses and many other services are used to build the future together with subsidiaries, customers, and partners.
About PIXARGUS GmbH:
With its unique image processing technology, PIXARGUS specialises in automated surface inspection and measurement of continuously running elongated products such as profiles, hoses, tubes, sheets, and cables made of a wide variety of materials as well as for single piece inspections.