US manufacturer Kadant says it has completed the integration of Vayeron after acquiring the Australian conveyor technology company last month.
Kadant said the “pioneer of smart conveyor monitoring technologies” was now part of its material handling business, which generates about 25% of group revenues and counts mining as a key market.
New York Stock Exchange-listed Kadant generated 2024 revenue of US$1053 million, up 10% year-on-year. It hasn’t told shareholders what it paid for Vayeron, known for its Smart-Idler autonomous condition monitoring technology which enables continuous wireless monitoring of conveyor rollers.
“Vayeron’s leading-edge technologies support Kadant’s strategy to expand our industrial IoT capabilities and deliver intelligent solutions to our customers,” Kadant CEO Jeffrey Powell said.
“Their capabilities complement our material handling solutions and strengthen our ability to provide data-driven insights that improve operational efficiency.”
Vayeron founder Ryan Norris said the 11-year-old Queensland company was now a “valuable part of a global industry leader”.
“Kadant’s commitment to advanced technologies and operational excellence supports our mission to accelerate the global reach of our Smart-Idler technology,” he said.
“Together, we help customers turn critical process equipment into data-rich assets that drive performance and safety.”
Australia’s Atrico advised Vayeron on the sale.
Kadant’s share price is down more than 10% in the past month. The company has a current market capitalisation of about $3.58 billion.
