About Key Technology
Key Technology is a company based in Walla Walla (United States) founded in 1948 was acquired by Duravant in January 2018. Key Technology has completed 2 acquisitions, including Herbert Solutions and Visys. Key Technology offers products and services including Sorting Machines, Conveying Systems, and Data Analyzing Software.
- Headquarter Walla Walla, United States
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Website key.net/en
- Social LinkedIn Facebook
- Acquired by Duravant (Jan 2018)
- Annual Revenue$139.91 M (USD)17as on Sep 30, 2017
- Net Profit$4.03 M (USD)678as on Sep 30, 2017
- EBITDA$7.05 M (USD)4802as on Sep 30, 2017
- Latest Funding Round$4.02 M (USD), Grant
Jul 05, 2012
- InvestorsHHS
& 1 more
- Investments & AcquisitionsHerbert Solutions
& 1 more
- Acquired byDuravant
(Jan 25, 2018)
Products & Services of Key Technology
Key Technology offers a comprehensive portfolio of products and services, including Sorting Machines, Conveying Systems, and Data Analyzing Software.
Devices for automatically sorting food products by quality.
Systems for transporting food items in production lines.
Tools for monitoring and optimizing food processing operations.
Funding Insights of Key Technology
- Total Rounds 3
- Last Round Grant — $4.0M
- First Round $1.3M
(15 Sep 2008)
- Investors Count 1
All 3 funding rounds of Key Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Key Technology
Key Technology has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Duravant.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Public health and human services are overseen by HHS. | 1953 | hhs.gov | - | |
Manufacturer of food processing, packaging, and material handling equipment | 1910 | duravant.com | Downers Grove, United States |
Investor details for Key Technology
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People of Key Technology
40 people are tracked at Key Technology (12 in leadership, 28 in team).
| Name | Role | Group |
|---|---|---|
Mike Kachmer | CEO & President | Leadership |
Zoltan Konder | Chief Financial Officer | Leadership |
Robert Rhodes | Director, Global Applications Engineering | Leadership |
Denny Flynn | Channel Partner Program Manager | Leadership |
Omar Caldera | Vice President Operations | Leadership |
Ron Janssen | Sr. Operations Director Emeia | Leadership |
Daniel Leighty | Vice President Of Sales | Leadership |
Edi Dirkes | Human Resources Director | Leadership |
Shankar Subramanian | VP Of Finance | Leadership |
Toon Lommelen | General Manager | Leadership |
Stan Croghan | Director Of North American Operations At Key Technology Inc | Leadership |
Ricardo Andrade | Sales Director, Latin America | Leadership |
Jeroen Endeveld | Team Lead Sales Engineering | Team |
Justin Shelton | Senior Operations Manager | Team |
Corrie Timpman | Sales Engineering Assistant | Team |
Bret Larreau | Sr. Dir. Sales, Key Account Manager - Mccain Foods | Team |
Alex Austin | Regional Sales Manager - Australia/new Zealand | Team |
Rob Flodin | Strategic Account Manager - Lamb Weston | Team |
Wim de Haan | Corporate Account Manager | Team |
Wim Haan Wim | Corporate Account Manager | Team |
20 more people are available in the full profile.
Complete people profiles for Key Technology
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Investments & Acquisitions by Key Technology
Key Technology has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Herbert Solutions and Visys.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Crop handling equipment is supplied for agricultural operations worldwide. | herbertsolutions.com | Eindhoven, Netherlands | 1972 | Jan 2020 | •••• | |
Global food processing services are delivered internationally. | visysglobal.com | Hasselt, Belgium | 2004 | Feb 2013 | $21.0M |
Complete acquisition details for Key Technology
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Timeline of Key Technology
7 dated milestones of Key Technology across 72 years, from founding to its latest funding, stage changes and deals.
- Founded Key Technology is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $1.3M.
- Funding Latest funding round, Grant, of $4.0M.
- Acquisition Acquires Visys.
- Exit Acquired by Duravant.
- Acquisition Acquires Herbert Solutions.
Latest news on Key Technology
Complete news archive for Key Technology
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Similar companies to Key Technology
10 companies that operate in the same segment as Key Technology (Food Processing & Kitchen Equipment), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Innovative food and drink solutions are provided by Selecta across Europe. | 1957 | Cham, Zug, Switzerland | USD 60.82 M | – | – | |
Meat processing equipment is manufactured by Marel in Iceland. | 1996 | Reykjavik, Iceland | – | – | – | |
Complete meat processing lines are designed, manufactured, and supplied. | 1894 | Chicago, Illinois, United States | – | USD 3.79 B | 12,200 | |
Gas, charcoal, and electric grills with accessories are manufactured. | 1952 | Palatine, Illinois, United States | – | USD 97.02 K | – | |
Provider of food processing and packaging equipment | 1951 | Pully, Vaud, Switzerland | USD 105.15 M | USD 471.99 M | 1,410 | |
Processing and packaging equipment for the F&B industry is manufactured. | 1881 | Dusseldorf, North Rhine-westphalia, Germany | USD 882.36 K | USD 6.46 B | 18,350 | |
Cooking oil management services are provided to foodservice operators. | 1999 | Mendota Heights, Minnesota, United States | USD 46.44 M | – | 1,086 | |
Products and solutions for residential kitchens and bathrooms are supplied. | 1911 | Aarburg, Aargau, Switzerland | – | – | – | |
Liquid dispensing equipment has been provided by Botrista since 2017. | 2017 | San Francisco, California, United States | USD 124.54 M | – | – | |
Kitchen appliances manufacturing and sales in India. | 1955 | Pune, Maharashtra, India | – | USD 95.01 M | 468 |
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Frequently Asked Questions about Key Technology
Key Technology was founded in 1948 and raised its 1st funding round 60 years after it was founded.
Key Technology is headquartered in Walla Walla, United States. It is registered at Walla Walla, Washington, United States.
Mike Kachmer is the current CEO of Key Technology.
Annual revenue of Key Technology is $139.91M as on Sep 30, 2017.
Founded in 1948 in Walla Walla, United States, conveying, processing, and sorting solutions for the food sector are developed and manufactured. Integrated systems and turnkey installations are provided to support production across diverse applications. Lifecycle maintenance and replacement parts are offered as ongoing services. Operations focus on equipment used in various food handling processes.
Key Technology offers Sorting Machines, Conveying Systems, and Data Analyzing Software.
Key Technology has made 2 acquisitions, including Herbert Solutions, and Visys.
Yes. Key Technology was acquired by Duravant in January 2018.