AMETEK to Acquire Surface Inspection Systems Division of Cognex Corporation
Business is a Leader in Continuous Vision Inspection SystemsContact: Kevin C. Coleman (610) 889-5247 AMETEK, Inc. (NYSE: AME) today announced that it has entered into a definitive agreement to acquire the Surface Inspection Systems Division (SISD) of Cognex Corporation (NASDAQ: CGNX) for approximately $160 million. The business has annual revenues of $60 million. The closing of the transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals. SISD develops and manufactures software-enabled vision systems used to inspect surfaces