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Metris was established in 1995 as a spin-off of the University of Leuven’s Production engineering, machine design and automation department. With sophisticated R&D as its core business, supplemented by a limited service offering, Metris managed during its early years to learn to understand customer needs by delivering services and to apply its core technology and know how to develop a software package for quality control and reverse engineering based on a new paradigm in the industry i.e. the measurement of point clouds. Point clouds are huge groups of measurement data of 3 dimensional coordinates (X,Y,Z). As Metris was one of the few companies that used this new paradigm, Metris attracted customers all over the world, who inspired and pushed Metris to device and execute its buy-and-build strategy. Both through internal development as well as through external acquisitions of technologies and products, Metris arrived at its current position in the market: that of a challenger with the most innovative and complete product offering.
The following table summarizes the key milestones in Metris’ history.
Sep 1995 - Inception of Metris as a spin-off of the K.U. Leuven
Jun 1998 - Incorporation of Metris International Holding NV (MIH)
Mar 1999 - Acquisition of Micromeasure in Germany, active in laser scanning technology
Jan 2000 - GIMV invests €3.5 million in Metris and will lead further financing rounds from then on as the reference shareholder of Metris
May 2002 - Private Placement of €5 million raised from NIF Ventures, Sumitomo Corporation and existing shareholders (GIMV, KBC Private Equity)
Aug 2002 - Acquisition of Paraform in the US, active in point cloud software
Feb 2003 - Acquisition of Hymarc in Canada, active in laser scanning
Jun 2003 - Strategic alliance with Mitutoyo (distribution of Metris scanners on CMMs)
Nov 2003 - Strategic alliance with Brown & Sharpe (distribution of Metris scanners on CMMs)
Apr 2004 - Strategic alliance with LK (distribution of Metris scanners on CMMs)
Apr 2005 - Acquisition of Krypton in Belgium, active in portable optical scanning technology
Apr 2005 - Acquisition of MetricVision in the US, active in laser radars
Jan 2006 - Acquisition of Arc Second in the US, active in indoor GPS systems
Jan 2006 - Acquisition of 3D Scanners in the UK, active in arm scanners and robot CMMs
Jan 2006 - Acquisition of LK in the UK, active in mechanical CMM products, software and services
Oct 2006 - Acquisition of 3D Engineering Services
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Latest news
28/08/2008
Metris H1 2008 on track, Full year outlook reconfirmed
09/07/2008
Metris and API announce joint distributor agreement
30/06/2008
Metris acquires CMM software company Integrated Quality Inc.
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