Cognex buys Korean company for $195M
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Cognex's Natick headquarters
Natick machine vision systems and bar code reader manufacturer Cognex Corp. has acquired South Korea-based SUALAB for $195 million.
SUALAB is developer of deep learning vision software used to automate visual inspection tasks in industrial markets. The addition of SUALAB’s engineering team and intellectual property will be in addition to Cognex’s existing deep learning capabilities based on technology acquired from ViDi Systems in April of 2017.
“Deep learning enables Cognex to solve many challenging inspection applications in factories, which, until now, could only be done by large teams of human visual inspectors,” said Robert Willett, president and CEO of Cognex who explained this is a fast-growing market, in a press release. “Today, tens of thousands of people perform difficult, tedious and error-prone visual inspections for flaws and defects on electronic components and subsystems which will be done more reliably and at lower cost in the future with deep learning-based machine vision.”
Headquartered in Seoul, Korea, SUALAB was co-founded in 2013 by Song Kiyoung, who will join Cognex.
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