Peak Technologies acquires North Coast Technical
North Coast provides solutions to integrate vision systems into manufacturing and logistics operations.
Sole Source Capital, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading solution provider in the automatic identification and data capture (AIDC) market, has acquired North Coast Technical.
North Coast, based in Chesterland, Ohio, and founded in 2003, is a leading provider of machine vision hardware and image processing software for Fortune 500 companies along with small and medium-sized businesses. North Coast will add expanded machine vision capabilities to the Peak Technologies portfolio, Sole Source noted, which have a variety of technical applications allowing customers to streamline operations, track products, and automate sorting processes.
North Coast Technical is focused on designing and integrating machine vision hardware and image processing software, including smart cameras, 3D sensors, scanners, LED lighting, frame grabbers and artificial intelligence products and solutions. Some of North Coast’s advanced capabilities include image processing and analysis, machine and robotic guidance, ID mark reading and verification, visual inspection and measurement, as well as 3D data capture and analysis. Founder and CEO, Dave Sexton, will remain in his current role.
“North Coast’s vision capabilities strengthen the Peak Technologies portfolio, which is focused on machine vision and AI. The vision technology provided by North Coast remains a highly attractive strategic solution across a wide range of industries used to improve quality control and traceability, meet compliance requirements, and reduce costs through improved efficiency,” said Tony Rivers, CEO of PEAK Technologies.
“The North Coast team and I look forward to collaborating with our new colleagues at Peak and helping strengthen and grow Peak’s leadership position in machine vision and AI,” added Sexton.
