Cognex Announces Acquisition Of RealSense For About $500 Million - CGNX News | RalliesCognex Announces Acquisition Of RealSense For About $500 Million
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CGNX• Cognex to acquire RealSense for about $500 million
- Cognex Corporation (NYSE: CGNX) said it will acquire RealSense for about $500 million, financed entirely from existing cash.
- Prior to closing, RealSense will spin out its facial authentication product line into an independent company.
- Cognex said it will provide a 3-year cash retention program at target for RealSense employees and grant restricted stock units.
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