Wednesday, June 4, 2014

Costar Buys Electronics Division From Cohu

Coppell, Texas-based Costar Technologies, a developer of IP video surveillance and related equipment, said today that it is in a deal to acquire CohuHD, the camera products and video solutions division of Cohu, Inc. The deal is worth approximately $10M, split between $9.5M in cash plus up to $0.5M in earnout. CohuHD is based in Poway, California. Costar said it financed the deal with proceeds from a new credit facility from the Bank of Texas. CohuHD develops a line of video cameras for traffic monitoring, security, surveillance and military applications. The companies said CohuHD had sales of $15.7M in 2013.