AMETEK Inc, whose brands include Creaform, Micro-Poise and Taylor Hobson, has agreed to buy the surface inspection systems division (SISD) of the Cognex Corporation for approximately $160 million. The business has annual revenues of $60 million.
SISD develops and manufactures software-enabled vision systems used to inspect surfaces of continuously processed materials for flaws and defects. Its in-line image processing technology detects, classifies, filters, and accurately maps specific defects over the entire area of the surface. End markets served include metals, paper, nonwovens, plastics and glass.
The SISD business joins AMETEK as part of its Electronic Instruments Group (EIG).
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