Dalsa purchasing Coreco for about $72 million

Dalsa Corp. and Coreco Inc. recently agreed to have Dalsa acquire all of Coreco's issued and outstanding shares for approximately $72 million in cash and stock, pending regulatory approvals. The two firm's boards of directors have already approved the transaction, which is expected to close in late April.

03/01/2005


Dalsa Corp. and Coreco Inc. recently agreed to have Dalsa acquire all of Coreco's issued and outstanding shares for approximately $72 million in cash and stock, pending regulatory approvals. The two firm's boards of directors have already approved the transaction, which is expected to close in late April.

The acquisition will combine Coreco's vision processors, software, and smart camera technologies with Dalsa's image sensor chips and digital cameras. The merger reportedly will "create a company that is well positioned to lead the convergence of technologies in the high performance digital imaging and machine vision marketplace." The new firm will be named Dalsa Coreco.





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