Advanced Vision Technology Ltd. (AVT): A.V.T. Ltd. to be acquired by the Danaher Corporation's Product Identification Platform

Hod Hasharon, Israel (pta013/06.03.2017/10:02 UTC+1) Advanced Vision Technology (A.V.T.) Ltd. to be acquired by the Danaher Corporation's Product Identification Platform

Advanced Vision Technology (A.V.T.) Ltd. (6 Hanagar St., Hod Hasharon 45241, Israel. WKN: 931340 / ISIN: IL0010837248 / XTRA: VSJ; listed on the Frankfurt Stock Exchange, Prime Standard) (AVT or the "Company") has signed a definitive agreement with Pelican Merger Holdings Israel Ltd. and Pelican Merger Sub Ltd. as a consequence of which AVT will be acquired by Danaher Corporation's Product Identification Platform. Pelican Merger Holdings Israel Ltd. has agreed to pay EUR 14.50 (fourteen Euro and fifty Euro cents) in cash for each ordinary share of AVT.

The shareholders of AVT will receive EUR 14.50 (fourteen Euro and fifty Euro cents) per ordinary share. It is intended to merge AVT, as absorbing entity, with a newly formed Israeli subsidiary named Pelican Merger Sub Ltd.; thus, AVT shall become a wholly owned indirect subsidiary of Danaher Corporation. AVT's Board of Directors has unanimously approved the transaction and has unanimously recommended that AVT shareholders approve the transaction.

The transaction is subject to customary closing conditions, including approval of the AVT shareholders (by holders of at least 75% of AVT's shares represented at the shareholders meeting; provided that (i) such majority includes at least a majority of the votes cast by shareholders who are not controlling shareholders and who do not have a personal interest in the matter, and who are present and voting at the shareholders meeting; or (ii) the shareholders who are non-controlling shareholders and who do not have a personal interest in the matter, who shall have been present and shall have voted against such proposed resolutions, hold 2% or less of the voting power of AVT).

It is intended to effect the delisting of AVT shares from the Frankfurt Stock Exchange following the closing of the transaction.

Pelican Merger Holdings Israel Ltd. and Pelican Merger Sub Ltd. have entered into a voting undertaking with Union Investments and Development Ltd. ("Union Investments"), the controlling shareholder of AVT, pursuant to which Union Investments agrees to vote in favor of the transaction. Closing of the merger transaction and settlement of the cash consideration are expected to occur in the Second Quarter of 2017. Details of the settlement procedures will be published by AVT in advance of the closing.

ABOUT AVT
AVT is a global leader in print process control, quality assurance, and press control for the packaging, labels, and commercial print industries. Backed by state-of-the-art technology and field-proven solutions, more than 7,000 AVT systems are installed at customer sites worldwide. AVT is headquartered in Hod-Hasharon, Israel with sales, marketing, and support offices in the United States, Europe and China.

ABOUT Danaher's Product Identification Platform
Danaher's Product Identification Platform is a group of technology companies dedicated to helping customers bring consumer goods from concept to consumer faster and with improved quality. The companies, including Videojet Technologies, Pantone, Esko, X-Rite, Linx, FOBA, and Laetus, are simplifying the consumer goods and packaging value chains around the world through innovative software and hardware solutions for color selection and communication, product and packaging design, and production, unique identification with marking and coding, as well as track and trace.

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Emitter:	Advanced Vision Technology Ltd. (AVT) 6 Hanagar St. 45241 Hod Hasharon Israel
Contact Person:	Udi Bar Sela
Phone:	+972-9-7614480
E-Mail:	UdiBS@AVT-INC.COM
Website:	www.avt-inc.com
ISIN(s):	IL0010837248 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate