# Advantech to acquire BitFlow for frame grabber technology

BitFlow, Inc. has entered into a definitive agreement to be acquired by Advantech in an all-cash transaction for 100% equity. The transaction is expected to close in Q4 2023.

- Type: Acquisition
- Announced: 2023-10-02
- Where: Woburn, Massachusetts, United States
- Status: announced
- Products: frame grabber technology, machine vision systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Advantech](https://endata.com/companies/16355.md) (acquirer)
- [BitFlow, Inc.](https://endata.com/companies/72991.md) (target)

## Sources

- [bitflow.com](https://www.bitflow.com/2023/10/02/bitflow-enters-into-definitive-agreement-to-be-acquired-by-advantech/), 2023-10-02: "BitFlow, Inc., an innovator in frame grabber technology for the machine vision industry, today announced that it has entered into a definitive agreement to be acquired by Advantech."

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