Arecont Vision charts a new path under Costar’s ownership
After filing for Chapter 11 bankruptcy protection, the bankruptcy court has approved the sale of Arecont Vision to Costar. Costar is a U.S. corporation that designs, develops, manufactures and distributes a range of video surveillance and machine vision products. Following the close of the sale, Arecont Vision began operating as Arecont Vision Costar LLC, and joined the existing Costar family of brands – CohuHD Costar, Costar Video Systems, Innotech and IVS Imaging. The chapter 11 process will help enable Arecont Vision to shed its debt and devote itself to recapitalizing the business to address the changing market and its product portfolio. Arecont Vision can now focus on allocating portions of profits to be reinvested into the business and work on delivering superior products.
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