INCAT Acquires Visual Edge Division
NOVI, Mich., May 9 INCAT Systems Inc. today announced the
acquisition of the Farmington Hills, Mich.-based Engineering Technology Group
from Visual Edge Technology of San Jose, Calif.
The transaction includes the purchase of certain assets and the assumption
of liabilities related to the Engineering Technology Group business. Most of
the employees of the organization will continue as INCAT employees.
Prior to this transaction, the Engineering Technology Group provided
Autodesk(R) CAD/CAM software and related services to a variety of engineering
and manufacturing companies in the metropolitan Detroit area. Its former
parent company, Visual Edge Technology, founded in 1986, is a leading
manufacturer of graphic reproduction systems for the engineering community.
"This transaction allows Visual Edge Technology to concentrate on its core
business, while continuing to deliver quality service to our customers," said
Austin Vanchieri, President and CEO of Visual Edge Technology. "In addition,
it provides a new career path for the Engineering Technology Group employees."
Jeffrey Sanscrainte, Sales Manager of the Engineering Technology Group,
said, "We are excited to join the leader in this market and to add a new
dimension to the products and services we offer."
INCAT CEO Ulrich Herter said, "This means the global reach, domain
competence and critical mass of INCAT will now be available to the customers
of the Engineering Technology Group. In addition, this move strengthens
INCAT's already dominant position as a full-service Autodesk provider."