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Article: Cognex Corporation Acquires the Machine Vision Business Of Gavitec.
- Article from:
- Business Wire
- Article date:
- December 1, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/High-Tech Writers
NATICK, Mass.--(BUSINESS WIRE)--Dec. 1, 2003
Cognex Corporation (NASDAQ: CGNX), the world's leading supplier of machine vision systems, announced today that it has acquired the machine vision business of Gavitec AG of Aachen, Germany. Under the terms of the acquisition, which closed today, December 1st, Cognex purchased both the tangible and intangible assets, and assumed certain liabilities associated with Gavitec's machine vision business for an undisclosed amount of cash.
Gavitec, founded in 1997, produces a wide range of machine vision products for direct part mark reading, a fast-growing application for ...