Cognex Acquires SUALAB to Enhance Deep Learning Solutions

Cognex CGNX recently announced the acquisition of Seoul-based SUALAB, a developer of deep learning-based vision software. Although the financial terms of the acquisition have been kept under wraps, per a Pulse article the transaction price is estimated to be $168.6 million. Deep learning allows Cognex to solve the most complex vision application operations in factories faster, easier and in a cost-effective manner. The addition of SUALAB's Intellectual property and highly skillful engineering team, which specializes in deep learning, is expected to strengthen the company's product portfolio. The latest acquisition will help Cognex to reap benefits from strong prospects of the global deep learning system software market.