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PI Physik Instrumente - Revolution In Photonics Align ROSLB 3/24

Buyout Boosts Coreco’s Market Share

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Gaynell Terrell

The crowded machine vision industry got only slightly less so in June when Coreco Inc. announced that it had bought Imaging Technology Inc. of Bedford, Mass., for $14.5 million in cash. Coreco is by all appearances feathering its nest with new products, having acquired the imaging board business of St. Laurent, Quebec-based Dipix Technologies Inc. for $5 million in January 1999. Imaging Technology had been a subsidiary of the UK conglomerate Fairey Group plc, primarily a brick-and-mortar holding company that is not known for developing technology, and was "a fish out of water,"...Read full article

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    Published: August 2000
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