NATICK, MA-Cognex Corp., a supplier of machine vision systems, acquires DVT Corp., a privately held company based in Duluth, GA. Under the terms of the acquisition, Cognex purchased all of the outstanding shares of DVT for approximately $115 million, consisting of a cash payment of $104 million made at the closing, and a final payment of up to an additional $11 million in cash to be paid at the end of a one-year escrow period.

Cognex plans to maintain operations at DVT's current facility in Georgia, and continue selling and supporting DVT's vision products. DVT is a provider of low-cost, easy-to-use vision sensors, which it primarily sells to the factory-floor segment of the machine-vision business.