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DVT Corp sold to Cognex for $115m

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MANAMA — Arcapita, a leading Bahrain-based investment bank, announced yesterday the sale of DVT Corporation to Cognex Corporation, a publicly traded company based in the US for a total transactional value of $115 million in cash. Arcapita and its co-investors acquired DVT in October 1999.

Published: Mon 16 May 2005, 10:29 AM

Updated: Thu 2 Apr 2015, 5:08 PM

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  • A Staff Reporter

Atif A. Abdulmalik, Arcapitaís chief executive officer, said: "For a transaction completed at the height of the technology investment boom of the late 1990s, we are extremely pleased to have completed the sale of DVT to a strategic buyer at a valuation which has generated total returns of 40 per cent for our investors."



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