Imaging grab

Coreco Inc. (Montreal, Canada) has completed the acquisition of all the shares of Imaging Technology Inc. (ITI; Bedford, MA) from Fairey Group plc. ITI (www.imaging.com) designs and manufactures computer-vision hardware and software for original equipment manufacturers and system integrators in North and South America, Europe, and Asia. Its principal products are high-performance, high-volume frame grabbers. The acquisition of ITI was carried out for approximately US$14.5 million in cash.