KNOXVILLE, Tenn. – Oct. 4, 2022—RDI Technologies, Inc. (“RDI”) today announced it has completed the purchase of privately-held Fastec Imaging Corporation (“Fastec”). RDI’s acquisition of Fastec adds new customers, talent and intellectual property, and it enables RDI to accelerate its product development initiatives. The transaction follows SFW Capital Partners’ (“SFW”) strategic investment in RDI in February 2022. SFW is supporting the RDI management team in its execution of various growth initiatives, including building out its management team, enhancing its sales and marketing capabilities, expanding its product offering and pursuing strategic add-on acquisitions.
Fastec’s team will join RDI and its technology will integrate into RDI’s product roadmap, while continuing to offer Fastec’s high-speed cameras to the Manufacturing, Condition Monitoring, Science and Engineering and Mining markets.