New Berlin-based industrial technology startup MCT Digital Inc. has been acquired by Tolland, Connecticut-based Gerber Technology for as much as $10 million.
MCT, established by Nik Mikkelsen in 2011, makes integrated hardware and software finishing solutions for the sign and graphics and packaging markets. The company also owns CutGuru.com to supply cutting blades, router bits and cutting mats/conveyors. MCT, which has 28 employees, distributes its systems worldwide. Steen Mikkelsen, chief executive officer of MCT, developed the i-cut software that has helped drive an industry-wide print-to-cut workflow system.
Gerber Technology, which is owned by New York private equity firm AIP, creates software and automation products for apparel and industrial customers’ manufacturing and design needs. Gerber invented automated cutting in 1968, and developed innovative design and cutting processes for vinyl in the sign and graphics industry. It has 78,000 customers in 134 countries, including more than 100 Fortune 500 companies. Read the full story here.
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