Cognex acquires Gavitec's machine vision business

Cognex Corp. reports that it recently acquired the machine vision business of Gavitec AG, located in Aachen, Germany. Cognex bought Gavitec's tangible and intangible assets, and assumed certain liabilities associated with Gavitec's machine vision business for an undisclosed amount of cash.

01/01/2004


Cognex Corp. reports that it recently acquired the machine vision business of Gavitec AG, located in Aachen, Germany. Cognex bought Gavitec's tangible and intangible assets, and assumed certain liabilities associated with Gavitec's machine vision business for an undisclosed amount of cash.

Founded in 1997, Gavitec produces machine vision products for direct part mark reading. This is a fast-growing application for machine vision systems that are able to read numbers, letters and symbols printed, etched, or stamped directly on the surfaces of manufactured items. .

Gavitec markets its machine vision products mostly in Germany. Its customers include leading manufacturers in the automotive, electronics and healthcare industries. Cognex plans to continue selling Gavitec's products to its existing customer base, and expand distribution of those products worldwide. Cognex will retain a group of Gavitec's key employees in Aachen, who will serve as a remote engineering group focused on developing additional products for direct part mark reading.





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