Cognex Signs Its Largest Ever Acquisition Deal: What's In Store?
Portfolio Pulse from Lekha Gupta
Cognex Corp (NASDAQ:CGNX) has signed an agreement to acquire Moritex Corporation from Trustar Capital for ¥40 billion (around $275 million) in an all-cash deal. This is the largest acquisition in Cognex's 42-year history. The deal is expected to contribute 6%-8% of CGNX revenue and be accretive to GAAP EPS in 2025. The transaction is projected to close by the end of 2023.
August 30, 2023 | 9:56 am
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POSITIVE IMPACT
Cognex's acquisition of Moritex Corporation is expected to contribute significantly to its revenue and GAAP EPS in 2025. This could potentially boost the company's stock price in the short term.
The acquisition of Moritex Corporation is a significant move for Cognex, as it is the largest in its history. The deal is expected to contribute 6%-8% of Cognex's revenue and be accretive to its GAAP EPS in 2025. This positive financial impact could potentially drive up the company's stock price in the short term.
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