Cognex buys DVT
Thursday, 25 August, 2005
Cognex Corporation, a supplier of machine vision systems, has acquired DVT Corporation, a privately-held company based in Duluth, Georgia. Under the terms of the acquisition, Cognex pur-chased all of the outstanding shares of DVT.
Cognex plans to maintain operations at DVT's current facility in Georgia, and to continue selling and supporting DVT's vision products through DVT's existing third-party distribution channel.
DVT Corporation is a provider of low-cost, easy-to-use vision sensors, which it sells primarily to the fast-growing factory-floor segment of the machine vision business. The company's principal product, Legend, is used by a large number of customers in a wide variety of industries for applications such as inspection and quality control. With the acquisition of DVT, Cognex immediately gains a worldwide network of more than 150 additional industrial distributors, all fully trained in selling and supporting machine vision products.
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