AUGUSTA Technologie AG acquires LMI Technologies Inc.

AUGUSTA Technologie AG acquires LMI Technologies Inc.,
With this acquisition LMI will become part of a leading company of global vision technologies.

Dear Customer

As one of our valued business partners, I would like to inform you of an important development in our company: AUGUSTA Technologie AG, a publicly listed (Prime Standard) German integrated technology group, is acquiring 100% of the shares of LMI Technologies. As a result of this acquisition, LMI will become part of a larger worldwide company in the field of digital imaging technologies.

AUGUSTA is located in Munich, Germany, and focuses on two market segments - Sensors and Vision. Within its Vision Group, AUGUSTA is already leading the market in digital cameras for machine vision under the Allied Vision Technologies brand: with FireWire cameras ranked #1 and GigE cameras ranked #2.

AUGUSTA's mission is to further increase its presence in existing and new growth markets within the vision industry. LMI's innovative and complementary technology offers entry into the growing 3D market and further regional expansion into North America. LMI 3D products move the AUGUSTA Vision Group up the value chain from components to systems and solutions. Through AUGUSTA, LMI can expand its distribution channels for Gocator. This will help ensure Gocator is well positioned worldwide as a leading, all-in-one, easy to use 3D measurement sensor. Additionally, LMI will benefit from the extensive camera technology capabilities to further develop unique 3D solutions for our customers in new and existing vertical markets.

The AUGUSTA philosophy towards quality and innovation is very similar to LMI and our two cultures fit well. We expect significant benefits from the combination of our companies. In particular, our collective know-how will further strengthen our product portfolio and position us to serve our customers even better than today.

With LMI as a leading expert in 3D sensor solutions, the AUGUSTA Group will continue to support LMI as the 'specialist for industrial 3D measurement and control applications'. I will be continuing on as CEO for LMI and will maintain the organization much the same as you know it today.

LMI trusts that you will benefit from this development as we gain new capabilities to meet your growing 3D measurement needs and we look forward to continuing our partnership now and into the future.

Best regards,
Terry Arden, CEO
LMI Technologies