(PRESS RELEASE) PLAINVILLE, MA — Hilco Vision has acquired Illinois-based M&S Technologies, a producer of digital vision testing systems.
The transaction was effective Dec. 31. Financial terms were not disclosed.
Ross Brownlee, CEO of Hilco, said, “M&S Technologies has always been a pioneer in software based visual acuity testing and sets the standard for excellence in this area. Innovation, market responsiveness and customer-centricity are common to both companies. Digital solutions are evolving rapidly in eyecare and M&S is also well placed to partner with stakeholders to ensure technology solutions in areas like telehealth improve service and patient outcomes globally.”
M&S was founded in 1990 by Joe Marino, and both Joe and Karen Marino will stay on in leadership roles with Hilco. The business will continue to be primarily based in Niles, IL, where the software development, design and hardware engineering is done.
“Our software and devices have earned their leading reputation because we put the science first — supported by best in class quality and service,” said Joe Marino, president of M&S. “We are really excited to get this partnership established with Hilco Vision so we can continue to expand our reach and continue to develop new software-based eye health solutions for customers globally.”
M&S products include the M&S Smart System platform and the M&S clinical trial suite offers.
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