Vection accelerates European expansion through strategic acquisition

PERTH, Australia, June 14, 2021 / PRNewswire / – Real-time software company Vection Technologies Ltd (ASX: VR1) has signed a binding agreement to acquire European technology company and partner DELL Platinum and OEM, JMC Group.

JMC is a technology company that designs, develops and offers high-level integrated business technology solutions for Industry 4.0, based on a strong knowledge of virtual reality and augmented reality (XR), Internet of Things (IoT), Artificial Intelligence (IA) and Information and Communication Technologies (ICT).

This acquisition will accelerate the expansion of Vection within the Europe, Middle East i Africa (EMEA), further integrating its XR portfolio with IoT, AI and ICT into a 360 ° product suite for Industry 4.0. JMC’s strong growth history is expected to provide a stronger foundation for the combined group as it grows in the EMEA region.

Gianmarco Biagi, CEO of Vection Technologies, commented that this transaction represents a significant step in the company’s vertical growth strategy to assist companies in their digital transformation plans through next-generation integrated XR solutions.

“Vection’s executive team is adhering to the established growth strategy to establish itself as a global technology company with a solid XR base, deeply integrated with innovative enabling technologies (including AI) and strong vertical competencies. Through this acquisition we will obtain an important technology and geography the advantage and the addition of the key management in the European region, which opens up important opportunities for global growth for the company.We remain focused on completing our 2021 M& An acquisition strategy through expansion in the United States, advancing our business goals already outlined above. “

Commenting on the acquisition, the founder and CEO of JMC, Jacopo Merli, said “We share Vection’s global vision of bringing together next-generation technologies with XR to enable companies to make the leap into the fourth industrial revolution. We are truly excited to seek this opportunity and grow the combined business in the EMEA region and abroad in the coming months “.

About Vection Technologies:
Vection Technologies Ltd. (ASX: VR1) is a multinational software company that focuses on real-time technologies for the digital transformation of industrial enterprises.
Through a combination of our 3D, virtual reality, augmented reality, industrial IoT and CAD solutions, Vection Technologies helps companies and organizations innovate, collaborate and create value.
For more information, visit the company’s websites:
vection.com.au
mindeskvr.com
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