Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Peak Technologies gobbles up another AIDC component provider

Private equity-backed firm buys Ohio vendor of machine vision hardware and software

peak Screen Shot 2023-08-24 at 3.48.33 PM.jpg
Ben Ames
By Ben AmesAug 24, 2023
Ben Ames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.
See Full Bio

The private equity-backed automatic identification and data capture (AIDC) vendor Peak Technologies Inc. is back on the acquisition trail, announcing today that it has bought North Coast Technical, a provider of machine vision hardware and image processing software.

Massachusetts-based Peak is the former Peak-Ryzex, which was acquired in 2021 by Dallas-based investment firm Sole Source Capital LLC and has since gone on a consolidation tear through the barcoding and data collection sector. Most recently, Sole Source merged Peak with another of its portfolio companies, Supply Chain Services (SCS), saying the combination would create a full-service solution provider in a fragmented market.

That trend now continues, as Peak buys North Coast, a Chesterland, Ohio-based company that was founded in 2003. Terms of the deal were not disclosed, but Sole Source said that North Coast Founder and CEO Dave Sexton will remain in his current role.

Sole Source says that North Coast will add expanded machine vision capabilities to the Peak Technologies portfolio, allowing customers to streamline operations, track products, and automate sorting processes. The firm provides smart cameras, 3D sensors, scanners, LED lighting, frame grabbers, and artificial intelligence products and solutions. Application of those technologies include image processing and analysis, machine and robotic guidance, ID mark reading and verification, visual inspection and measurement, as well as 3D data capture and analysis.

 

 

 

ArticleEditorial
peak technologies
ArticleEditorial
peak technologies

The Latest

More Stories

U.S. shoppers embrace second-hand shopping

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less

Featured

seegrid CR1_Renders_1-2_11zon.png
Article

Seegrid lands $50 million backing for autonomous lift trucks

CMA CGM offers awards for top startups

CMA CGM offers awards for top startups

Some of the the most promising startup firms in maritime transport, logistics, and media will soon be named in an international competition launched today by maritime freight carrier CMA CGM.

Entrepreneurs worldwide in those three sectors have until October 15 to apply via CMA CGM’s ZEBOX website. Winners will receive funding, media exposure through CMA Media, tailored support, and collaboration opportunities with the CMA CGM Group on strategic projects.

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less
Copyright ©2024.