Cognex to acquire Moritex Corp for ¥40B ($275M), expected to close by end of 2023

COGNEX CORP

Acquisition price ¥40 billion (~$275M) all-cash; funded from existing cash and equivalents.
Expected to close by end of 2023, subject to customary closing conditions.
Moritex, a global leader in optics components, expected to contribute 6-8% of Cognex revenue.
Transaction expected to be accretive to GAAP EPS in 2025.
Largest acquisition in Cognex's 42-year history; 500 employees, based in Yokohama, Japan.

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