Brief: Cognex To Acquire Moritex Corporation For About $275 mln

Cognex

29/08/2023 22:49

Aug 29 (Reuters) - Cognex Corp  CGNX.O :
    * COGNEX TO ACQUIRE MORITEX CORPORATION, A GLOBAL LEADER IN
MACHINE VISION OPTICS COMPONENTS AND ADVANCED IMAGING SOLUTIONS
    * COGNEX CORP - ACQUISITION PRICE OF ¥40 BILLION
    * COGNEX CORP - EXPECTED TO BE ACCRETIVE TO GAAP EPS IN 2025
    * COGNEX CORP - MORITEX IS EXPECTED TO CONTRIBUTE 6-8% OF
COGNEX'S
REVENUE IN 2025

Source text for Eikon:  ID:nBw3WfRyxa 
Further company coverage:  CGNX.O 

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