Esko, a global provider of integrated software and hardware solutions that accelerate the go-to-market process of packaged goods, has sold its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings, Ltd., with an anticipated closing of the transaction in the first quarter of 2025, subject to any customary conditions under applicable local law.
The divestiture includes assets, employees, contractual agreements and intellectual property specific to AVT. Under its new ownership, AVT will maintain its brand name, identity, and product portfolio.
Porat Itay is a private company based in Israel, founded by Roy Porat and Yaron Itay. Roy Porat had previously held the role of president, AVT from 2020 until 2022, and Yaron Itay has built and led several industrial technology companies in Israel.
