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FEI, which provides imaging and analysis systems for research and industry, has acquired Visualization Sciences Group (VSG) of Bordeaux, France.
VSG provides high-performance, 3D visualization software products, and tools.
The purchase price for the acquisition is approximately US $55 million. FEI funded the purchase with euros from its European operations which otherwise would be subject to US taxation if repatriated. VSG had pro-forma revenue for the 12 months ended June 30 of approximately $19 million and has 88 employees. FEI expects the acquisition to have a neutral impact on GAAP earnings for the second half of 2012 and to be accretive in 2013.