China's Trustar Capital to sell Moritex Corporation to Cognex

Cognex

30/08/2023 03:57

Aug 30 (Reuters) - Chinese private-equity firm Trustar
Capital said on Wednesday it plans to sell Moritex Corporation
to U.S-based Cognex  CGNX.O , and expects to conclude the
transaction in the next few months.
        In a separate statement, Cognex said it will acquire
Moritex for 40 billion yen ($273.67 million), in an all-cash
transaction.
    Moritex develops, manufactures and sells machine vision
systems such as high-spec lens and lighting for industrial use,
and medical and cosmetic equipment.

($1 = 146.1600 yen)

 (Reporting by Navya Mittal in Bengaluru; Editing by Varun H K)
 ((Navya.Mittal@thomsonreuters.com;))