USTER acquires Elbit Vision Systems

Uster Technologies AG is expanding its competencies in quality control and strengthening its product portfolio by signing an agreement to acquire Elbit Vision Systems Ltd. (EVS), a world-leading high-technology supplier for automated vision inspection in the textile industry. The EVS products are used to automatically locate, label and trace defects of fabric and web products and ultimately to grade the quality and determine the value of the produced goods.

Mr. Thomas Nasiou, Chief Executive Officer, USTER

Thomas Nasiou, Chief Executive Officer of USTER, said: “The acquisition fits perfectly into our vision to be the world’s leading supplier of quality solutions for the textile industry, from fiber to fabric. It shows once again our commitment to continuously invest in cutting-edge technology and foster our culture of innovation. EVS and USTER’s combined technology will offer all our customers more potential for further automation and improvement for increased and sustainable performance.”

Senior-level management changes

Uster Technologies has announced plans for a phased evolution in key senior management positions. Progression to the next leadership generation will see Harold Hoke, Vice-President – Sales and Service, and Walter Kiechl, the company’s Chief Officer in China, step back gradually to foster a seamless transition over the next year.

After 37 successful years with USTER, Harold Hoke will be succeeded by Anson Xu and Andreas Tanner, under a new organizational structure. Anson Xu will head all the Chinese operations, while remaining as Head of Sales in China. Andreas Tanner will become Head of Sales for the rest of the world, as well as handling liaison with machinery manufacturers.

The new appointments will take effect from April 1. However, Harold Hoke will continue with USTER until at least March 2019, assisting the new appointees with the take-up. He will also remain a member of the company’s executive committee, as well as assuming full responsibility for other projects. On completion of these duties, Harold Hoke will retire.

Andreas Tanner is already well-known within USTER and the wider textile community. His experience, passion, determination and accountability will assure strength, continuity and stability of the USTER business.

In making the changes, Uster Technologies has focused on advance planning, to ensure customers experience a smooth and efficient continuation of their relationship.

Said CEO Thomas Nasiou: “We have taken the opportunity to have a fresh look at our organization, to position ourselves for the future. By initiating an early search for internal and external candidates, we are confident we have identified the right successors, as well as creating a streamlined transition plan.”