M&A Deal Summary

Cognex Acquires DVT

On May 15, 2005, Cognex acquired machinery company DVT from Arcapita for 115M USD

Acquisition Highlights
  • This is Cognex’s 1st transaction in the Machinery sector.
  • This is Cognex’s 2nd largest (disclosed) transaction.
  • This is Cognex’s 1st transaction in the United States.
  • This is Cognex’s 1st transaction in Georgia.

M&A Deal Summary
Date 2005-05-15
Target DVT
Sector Machinery
Buyer(s) Cognex
Sellers(s) Arcapita
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

DVT

Norcross, Georgia, United States
DVT Corp., is a provider of vision sensors, which it sells primarily to the factory-floor segment of the machine vision business.

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Buyer(S) 1

Buyer

Cognex

Natick, Massachusetts, United States
Category Company
Founded 1981
Sector Test/Measurement Equipment
Employees2,441
Revenue 838M USD (2023)
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 1 of 10
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 10
State (Georgia) 1 of 1
Country (United States) 1 of 4
Year (2005) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 AssistWare Technology

Gibsonia, Pennsylvania, United States

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

Buy -

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.

DEAL STATS #
Overall 2 of 33
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 2 of 16
State (Georgia) 1 of 6
Country (United States) 2 of 23
Year (2005) 1 of 2
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Southland Log Homes

Irmo, South Carolina, United States

Southland Log Homes are the largest and most sophisticated manufacturer and marketer of pre-cut log home kits in North America. From its manufacturing facilities in South Carolina and Elliston, Virginia, Southland designs, manufactures, and sells log home kits that offer homeowners exceptionally high-quality living space with unique aesthetic and lifestyle appeal. Southland Log Homes are based in Irmo, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 Cypress Communications

Atlanta, Georgia, United States

Cypress Communications is an on-demand communication solution provider in 29 major metropolitan U.S. markets, connecting more than 120,000 employees for over 8,500 small and mid-sized businesses in commercial office buildings.

Buy $42M
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