Cognex has announced the acquisition of SUALAB, a Korean Provider of Deep Learning Machine Vision Solutions. With a acquisition price tag of an estimated $168.6 million, Cognex will take up the entire company and its intellectual properties.
The acquisition reportedly will advance Cognex´s leadership in the field of deep learning-based machine vision, and the automation of visual inspection tasks in the industrial sector. The addition of SUALAB´s engineering team and the innovative technology they bring to the table is expected to enhance Cognex´s existing deep learning capabilities.
“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 J. Willett, President and CEO of Cognex. “In the future these tasks will be carried out more reliably and at lower cost using machine vision.”
Dr. Robert J. Shillman, Cognex´s founder and Chairman said, “We´re very excited to welcome the SUALAB team to Cognex; they are a great fit for our work hard, play hard and move fast culture.”
SUALAB was co-founded in 2013 in Seoul, Korea, by Song Kiyoung, who will join Cognex and help lead the world´s largest team of engineers specializing in the use of deep learning for industrial machine vision applications. “Our goal at SUALAB has been clear since our founding – to be the global leader in deep learning-based vision inspection,” said SUALAB CEO and co-founder, Song Kiyoung. “By joining Cognex, we have reached that goal, and together, we plan to accelerate our efforts to help more customers solve even the most complex vision applications faster, easier and more cost-effectively.”
For more information: www.sualab.com