Advanced Vision Technology Ltd. said it closed its previously announced acquisition of Graphics Microsystems Inc. last month. Israel-based AVT, which makes automated print inspection systems, snatched up closed-loop color vendor GMI for $33 million in cash (see Dateline, August 27, 2007).

AVT’s purchase of Sunnyvale, Calif.-based GMI will permit it to enter  the newspaper and commercial printing markets and provide the firm with complementary technologies, AVT said.

“GMI’s technology complements that of AVT, and its strong market presence in the web offset commercial printing segment opens new markets to AVT’s machine vision technology,” said AVT Chief Executive Officer Shlomo Amir.

AVT said it will continue to operate GMI’s worldwide offices.