Cognex - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Cognex M&A Summary

Cognex has acquired 10 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

Cognex’s largest acquisition to date was in 2023, when it acquired Moritex for $275M. It’s largest disclosed sale occurred in 2015, when it sold Cognex Corp - Surface Inspection Systems Division to AMETEK for $160M. Cognex has acquired in 3 different US states, and 6 countries. The Company’s most targeted sectors include software (50%) and test/measurement equipment (20%).

Cognex Business Overview

Where is Cognex headquartered?

Cognex is headquartered in Natick, Massachusetts.

What is Cognex’s revenue?

Cognex disclosed revenue of 1,006M USD for 2022 and 1,037M USD for 2021.

How many employees does Cognex have?

Cognex has 2,441 employees.

What sector is Cognex in?

Cognex is a test/measurement equipment company.

When was Cognex founded?

Cognex was founded in 1981.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Cognex

Cognex Corp.

One Vision Drive,
Natick, Massachusetts 01760
United States,
(508) 650-3000
www.cognex.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 - - 1 1 - 10
vol $115M $275M $390M
Sell (0.0/yr) # 2 - - - - - 2
vol $163M $163M
  12

Most Recent M&A

Company Date Value Type
Moritex Corp. 2023-08-29 275M USD Add-on Acquisition
Saitama, Japan · www.moritex.com
SAC Sirius Advanced Cybernetics GmbH 2022-12-08 - Add-on Acquisition
Karlsruhe, Germany · www.sac-vision.de
SUALAB 2019-10-16 - Add-on Acquisition
Seoul, South Korea · www.sualab.com
ViDi Systems SA 2017-04-04 - Add-on Acquisition
Fribourg, Switzerland · www.vidi-systems.com
Webscan, Inc. 2016-12-09 - Add-on Acquisition
Longmont, Colorado · www.webscaninc.com
Chiaro Technologies 2016-11-30 - Add-on Acquisition
Boulder, Colorado · www.chiarotech.com
EnShape GmbH 2016-10-27 - Add-on Acquisition
Jena, Germany · www.enshape.de
AQSense SL 2016-08-30 - Add-on Acquisition
Girona, Spain · www.aqsense.com
Cognex Corp - Surface Inspection Systems Division 2015-07-07 160M USD Divestiture
, United States
AssistWare Technology, Inc. 2008-07-02 3M USD Divestiture
Gibsonia, Pennsylvania · www.assistware.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 5 (50%) - 1 (50%) 3M (2%)
Test/Measurement Equipment 2 (20%) - - -
Automotive 1 (10%) - - -
Machinery 1 (10%) 115M (29%) - -
Manufacturing 1 (10%) 275M (71%) - -
Technology Hardware - - 1 (50%) 160M (98%)
Total 10 $390M 2 $163M

By Geo

State/Country Buy Value Sell Value
United States 4 115M 2 163M
  Colorado 2 - - -
  Pennsylvania 1 - 1 3M
  Georgia 1 115M - -
Germany 2 - - -
Japan 1 275M - -
South Korea 1 - - -
Spain 1 - - -
Switzerland 1 - - -
Domestic 4 (40%) 115M (29%) 2 (100%) 163M (100%)
Cross-border 6 (60%) 275M (71%) - -
Total 10 $390M 2 $163M

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
1
Evercore Group
1

Deal Values

buy # Total
$100M to $1B 2 $390M
TOTAL $390M
Largest Moritex Corp.
$275M (2023-08-29)
sell # Total
$100M to $1B 1 $160M
< $100M 1 $3M
TOTAL $163M
Largest Cognex Corp - Surface Inspection Systems Division
$160M (2015-07-07)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Divested to
Strategic(s)
100%
2 (100%)

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