Cognex sells surface inspection division for $160m

Share this on social media:

Cognex has sold its Surface Inspection Systems Division (SISD) to Ametek for approximately $160 million. Ametek, with headquarters in Berwyn, PA, USA, provides electronic instruments and electromechanical devices in the aerospace, oil and gas, medical, and other industrial sectors. In the first quarter of 2015, the company generated sales of $984.1 million.

'The sale of our Surface Inspection Systems Division is a strategic decision for us,’ said Robert Willett, president and CEO of Cognex. ‘SISD is a profitable and well-managed business, but it does not fit Cognex's long-term objectives and business model. With this sale, we can focus all of our efforts on discrete manufacturing where we see continued strong growth for our vision and ID products.’

Surface inspection sales were $60 million in 2014, or 12 per cent of Cognex's total revenue. Revenue for the company in the first quarter of 2015 was $113.4 million.

‘Cognex entered the surface inspection market in 1996 with the acquisition of Isys Controls, a small company that had developed vision systems for automatically detecting and classifying flaws and defects on the surfaces of materials as they are being produced at high speed in a continuous fashion,’ said Dr Robert Shillman, chairman and chief culture officer of Cognex. ‘We are proud to have built this business from an organisation which was primarily selling into the US metals market, into a leading global supplier of surface inspection systems for metals, paper, plastics, non-wovens and glass.’

Further information:

Cognex

Ametek

Recent News

19 January 2021

Mark Radford, LMI’s chief operating officer, will succeed Arden as CEO. Arden will continue on a part-time basis with LMI

04 January 2021

The acquisition adds Flir's thermal and infrared imaging technologies to Teledyne's visible imaging capabilities

21 December 2020

Perceptron's 3D measuring solutions complement Isra Vision's 3D vision systems and, together, they offer products for automating key applications along the automotive production line

16 December 2020

Recycleye’s vision system is capable of detecting and classifying items in waste streams, broken down by material, object and brand