Gimv has acquired a majority stake in One of A Kind Technologies (OOAKT), which manufactures machine vision solutions such as inspection systems for food and pharmaceutical packaging.

Netherlands-based OOAKT uses hardware and software such as sensors, lasers and smart cameras to provide guidance to their devices so that they can carry out their function.

The business employs 65 people and delivers its products to customers in more than 50 countries.

With Gimv’s backing, the company aims to triple revenues within five years through its expansion strategy and buy-and-build opportunities.

Gimv partner Nick Medaer said: “Machine vision is at the core of our Smart Industries-focus. It plays a crucial role in industry 4.0 to improve efficiency, automate and increase quality. The combination of deep technology knowhow and two very ambitious and dynamic entrepreneurs driving the company forward is a great basis for further growth. We are very happy to be part of the future of OOAKT”