China's Trustar Capital to sell Moritex Corporation to Cognex
In this article:
Aug 30 (Reuters) - Chinese private-equity firm Trustar Capital said on Wednesday it plans to sell Moritex Corporation to U.S-based Cognex, and expects to conclude the transaction in the next few months.
In a separate statement, Cognex said it will acquire Moritex for 40 billion yen ($273.67 million), in an all-cash transaction.
Moritex develops, manufactures and sells machine vision systems such as high-spec lens and lighting for industrial use, and medical and cosmetic equipment. ($1 = 146.1600 yen) (Reporting by Navya Mittal in Bengaluru; Editing by Varun H K)
