M&A Deal Summary

AMETEK Acquires Cognex Corp - Surface Inspection Systems Division

On July 7, 2015, AMETEK acquired technology hardware company Cognex Corp - Surface Inspection Systems Division from Cognex for 160M USD

Acquisition Highlights
  • This is AMETEK’s 4th transaction in the Technology Hardware sector.
  • This is AMETEK’s 17th largest (disclosed) transaction.
  • This is AMETEK’s 41st transaction in the United States.

M&A Deal Summary
Date 2015-07-07
Target Cognex Corp - Surface Inspection Systems Division
Sector Technology Hardware
Buyer(s) AMETEK
Sellers(s) Cognex
Deal Type Divestiture
Deal Value 160M USD

Target

Cognex Corp - Surface Inspection Systems Division

United States
Cognex Corp - Surface Inspection Systems Division is develops and manufactures software-enabled vision systems used to inspect surfaces of continuously processed materials for flaws and defects.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

website

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees19,600
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.

DEAL STATS #
Overall 48 of 71
Sector (Technology Hardware) 4 of 8
Type (Divestiture) 6 of 7
Country (United States) 41 of 59
Year (2015) 2 of 2
Size (of disclosed) 17 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Global Tubes

Collegeville, Pennsylvania, United States

Global Tubes is a manufacturer of highly specialized precision metal tubing from a wide variety of metals and alloys including stainless steel, nickel, zirconium, and titanium. Its products are used in highly engineered applications serving the aerospace, energy, power generation, and medical markets.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 Brookfield Engineering Laboratories

Middleboro, Massachusetts, United States

Brookfield Engineering Laboratories, Inc. is a manufacturer of viscometers and rheometers.

Buy $167M

Seller(S) 1

SELLER

Cognex

Natick, Massachusetts, United States

website

Category Company
Founded 1981
Sector Test/Measurement Equipment
Employees2,441
Revenue 1.0B USD (2022)
DESCRIPTION

Cognex is a provider of vision systems, vision software, vision sensors and surface inspection systems used in manufacturing automation. Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. Cognex was founded in 1981 and is based in Natick, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-02 AssistWare Technology

Gibsonia, Pennsylvania, United States

AssistWare Technology, Inc. is a developer of Lane Departure Warning (LDW) systems for the heavy truck market.

Sell $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 AQSense SL

Girona, Spain

AQSense SL is a provider of 3D vision software based in Girona, Spain. AQSense develops and sells a library of field-tested 3D vision tools and a configuration software package that helps customers easily set up their 3D vision applications.

Buy -
Mergr

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