Ametek to Acquire Surface Inspection Systems Division of Cognex Corporation
BERWYN, PA — AMETEK, Inc. entered into a definitive agreement to acquire the Surface Inspection Systems Division of Cognex Corporation 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 of continuously processed materials for flaws and defects. Their in-line image processing technology detects, classifies, filters, and accurately maps specific defects over the entire area of the surface. End markets served include metals, paper, nonwovens, plastics and glass. SISD is headquartered in Hayward, Calif.