Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Cognex Acquires Komatsu's Machine Vision Business
Apr 2000
NATICK, Mass., April 12 -- Cognex Corp. has announced the completion of its acquisition of Komatsu Ltd.'s machine vision business. As defined in the terms of the acquisition, which was originally announced by the company on March 15, 2000, Cognex has acquired all of the rights to Komatsu's FAPEX and KV machine vision products, as well as to related technologies. In addition, all of the software development engineers, sales engineers, and other skilled employees previously associated with Komatsu's machine vision business became Cognex employees on April 3, 2000.
Cognex paid $11 million in cash for the business; depending upon certain performance factors, additional payments could total as much as $8 million. The company noted that the transaction is structured as an asset purchase, and will be accounted for under the purchase method of accounting.

machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
machine visionNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.