e2V Technologies, which has a base in Lincoln, has bought a Spanish company — Seville-based Innovaciones Microelectronicas — for 34.2 million euros.

The acquired company trades as AnaFocus and is a designer and developer of CMOS (complementary metal oxide semiconductor) imaging sensors for the industrial, professional, scientific, medical and high-end surveillance markets.

It will become a part of the Machine Vision business within E2V’s high-performance imaging division.

e2v's group CEO, Steve Blair (pictured), said: "AnaFocus adds technology, people and customers to our Machine Vision business. It strengthens our position in the market, bringing to e2v a successful management team with deep technology capabilities and close relationships with customers that complement e2v's relationships.

"The strength of the AnaFocus team, and the e2v worldwide sales and customer support channels they can now access, will help us to accelerate our opportunities in this fast-growing business. We see immediate opportunities to apply the technical capabilities of AnaFocus to provide enhanced offerings to our joint customers."

The transaction will be funded from E2V’s existing resources, including a new £90 million bank facility.