Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.schlafhorst.saurer.com
http://www.textileservicesonline.com
http://www.textileworld.com/careers/index.html
http://www.textileworld.com/Store/Books/index.html
http://www.textileworld.com/forms/mediakit.html
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Pattern Development
09/29/2014 - 10/01/2014

TRSA Annual Conference
09/29/2014 - 10/01/2014

30th IAF World Fashion Convention
09/29/2014 - 10/01/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Supplier Notes

Cognex Compeletes DVT Acquisition

Machine vision systems supplier Cognex Corp., Natick, Mass., has purchased all outstanding shares of Duluth, Ga.-based DVT Corp. — a provider of economical, user-friendly vision sensors primarily for use on the factory floor — for approximately $115 million.

Operations will continue at DVT’s manufacturing facility. Sales and support of DVT’s products through its existing third-party distribution channel also will continue. The company’s products include Legend, which is used for inspection and quality control.

“This is the largest acquisition that Cognex has ever completed … in terms of price, in terms of revenue, and most importantly, in terms of the positive impact that it will likely have on our company,” said Robert J. Shillman, Ph.D., chairman and CEO, Cognex.

Commenting on development of a third-party distribution channel for Cognex, he added: “ [P]rior to this acquisition we had signed over 40 distributors, mostly in North America. 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.”

Cognex expects the acquisition will provide increased revenues of approximately $15 million to $20 million during fiscal year 2005.

June 2005




Advertisement

http://www.staubli.us