Fangda Partners represents Cognex Corporation (NASDAQ:CGNX; “Cognex”), a world’s leader in industrial machine vision, on its agreement with Trustar Capital, a private equity affiliate of CITIC Capital Holdings Limited, on the acquisition of Moritex Corporation (“Moritex”). Moritex is a leading global provider of optics components headquartered in Japan, with a global footprint of manufacturing facilities and administrative offices.

Cognex will acquire 100% of the equity interests in Moritex for JP¥40 billion (approximately US$275 million). This transaction will be Cognex’s largest acquisition in its history and is expected to close by the end of 2023. Through this acquisition, Cognex will expand its optical components’ segment, increasing Cognex’s served market and deepening its penetration of the Japanese machine vision market. Machine vision is the technology which provides imaging-based automatic inspection and analysis.

Fangda acted as Cognex’s China legal counsel, providing a full range of Mainland China and Hong Kong related legal services, including legal due diligence, as well as various work relating to preparation and negotiation of transaction documents and W&I insurance. The Fangda team was led by corporate partners Norman Zhong and Hao Zhang and team members included associates Zhuxin Liu, Jingyi Li and Kyle Liu from the firm’s Shanghai office, Ella Yu and Lynn Zhang from the Shenzhen office and Sunny To from the Hong Kong office.