Cognex corporation (nasdaqgs:cgnx) completed the acquisition of sualab from spring camp, softbank ventures asia, stonebridge ventures, intervest co., ltd. and others for approximately $200 million (approximately krw 230 billion).
Cognex corporation (nasdaqgs:cgnx) agreed to acquire sualab from spring camp, softbank ventures asia, stonebridge ventures, intervest co., ltd. and others on october 14, 2019. song kiyoung, co-founder of sualab will join cognex.
cognex corporation (nasdaqgs:cgnx) completed the acquisition of sualab from spring camp, softbank ventures asia, stonebridge ventures, intervest co., ltd. and others for approximately $200 million (approximately krw 230 billion) on october 16, 2019. under the terms of the transaction, cognex acquired 35,300 shares of sualab from spring camp for krw 20.3 billion. the total consideration included cash payments of approximately $171 million (krw 202.9 billion) upon closing. the remaining consideration consists of deferred payments of approximately $24 million (krw 28.5 million) that may become payable on the fourth anniversary date of the closing, contingent upon the continued employment of key talent, and will be recorded as compensation expense over this four-year period.
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