PPF Group to acquire VITRONIC.

PPF Group, an international investment group, agreed to acquire VITRONIC, a provider of machine vision systems for traffic engineering, logistics, automotive sectors. Financial terms were not disclosed. "We are excited to continue our growth as we unite with ITIS to enhance our global reach, our research and development capacity and operational competences to better service our clients' needs. Together, with ITIS Holding, its group companies, and under the umbrella of the PPF Group, we are committed to setting new industry standards and delivering advanced solutions that bring added value to our stakeholders," Daniel Scholz-Stein, VITRONIC CEO.