# Duravant to acquire Key Technology for $175M

Duravant has signed a definitive agreement to acquire Key Technology for $26.75 per share in cash, valuing the transaction at approximately $175 million. Key Technology is a designer and manufacturer of digital sorting, inspection, conveying and processing equipment for food processing.

- Type: Acquisition
- Announced: 2018-01-25
- Where: Walla Walla, Washington, United States
- Value: $175.0M
- Status: announced
- Products: digital sorting systems, inspection equipment, conveying systems, processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Duravant](https://endata.com/companies/1604.md) (acquirer)
- [Key Technology](https://endata.com/companies/2760.md) (target)

## Sources

- [duravant.com](https://www.duravant.com/news/keytechnology/), 2018-01-25: "Duravant has entered into a definitive agreement to acquire Key Technology, Inc."
- [key.net](https://www.key.net/en/about-us/news/4700/), 2018-01-25: "I’m thrilled to welcome the Key Technology team to Duravant."
- [packagingeurope.com](https://www.packagingeurope.com/duravant-to-acquire-key-technology/), 2018-02-05: "Duravant LLC, a global engineered equipment and automation solutions provider to the food processing, packaging and material handling sectors, announced today that it has entered into a definitive agreement to acquire Key Technology, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.