Cognex acquires Image Industries - acquisition makes Cognex market leader in the UK
Cognex acquires Image Industries - acquisition makes Cognex market leader in the UK
Keyword: Cognex
Cognex Corporation, a world leading supplier of machine vision systems,announced recently that it has acquired Image Industries, of Epsom, a leading provider of machine vision systems to end-users in the UK. Under the terms of the acquisition, Cognex has purchased all of the outstanding shares of Image Industries for an undisclosed amount of cash and stock.
Cognex expects to retain the 15 employees of Image Industries and to maintain operations in the current facility. The sales and support staff will be integrated with Cognex's existing sales and support organization creating the largest machine vision team in the UK with a total of 28 employees. The research and development staff of Image Industries will operate as a remote product development group and will focus on the development of highly compact, low cost vision systems for the end-user market.
"We are very excited by this acquisition, it establishes Cognex as the clear market leader in the UK in terms of product sales and number of employees. We have acquired a very experienced group of development and sales engineers, and now research and development of products will take place in the UK for the first time", said Colin Graves, UK Sales Manager (see Plate 1).
Plate 1 Pete Neve, Managing Director of Image Industries (left) and Colin Graves, Cognex UK Sales Manager (right)
"We are very pleased to be joining the world's leading machine vision company", said Peter Neve, founder and managing director of Image Industries."We are looking forward to leveraging our extensive experience in industrial machine vision to help accelerate Cognex's growth both here in the UK and throughout the world." Technical contact: Colin Graves, Cognex UK, Chancery House, 199 Silbury Boulevard, Milton Keynes MK9 1JL, UK. Tel: +44 (0) 1908 206000; Fax: +44 (0) 1908 392463; E-mail: cgraves@cognex.com
