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Scan-Optics Completes Acquisition of Photomatrix

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MANCHESTER, Conn., June 23 -- Scan-Optics, Inc. has completed its acquisition of product rights and certain assets of Photomatrix, Inc.'s subsidiary, Photomatrix Imaging Corp. The entire Photomatrix Imaging product and services business-- including the assets of the UK subsidiary, Photomatrix, Ltd.--will be transferred to Scan-Optics. For the cash purchase price of $2.1 million, Scan-Optics will acquire Photomatrix Imaging's current and future assets valued at $3.9M and will assume its current and future liabilities of $1.9M. Scan-Optics will also acquire the functional areas of the...Read full article

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    Published: June 1999
    industrialNews & Features

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