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SIG said the strategy review undertaken last year identified VJT's niche product offering and operating model as being very different to that of the main SIG businesses.
In the year ended 31 December 2017, VJT reported sales of GBP31.0m, profit before tax of GBP 5.0m and operating cash flow of GBP 4.1m.
The gross assets of VJT as at 31 December 2017 were GBP 16.4m.
The VJT C-Arm Inspection System by VJ Inspection Systems provides flexible quality control imaging to improve casting process verification and product analysis.
The use of VJT's proprietary Advanced Defect Enhancement technology provides automatic adjustments to local grayscale levels for each region of the x-ray image.
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