Cohu Sells Electronics Products Division

Poway-based Cohu said this morning that it has agreed to sell its Electronics Division, CohuHD, to Texas company Costar Technologies. Cohu said Costar will pay $9.5M in cash plus up to $0.5M in earn out for CohuHD, which will remain in Poway. CohuHD develops camera products used in surveillance, traffic monitoring, security, and military applications. The companies said the division had sales of $15.7M in 2013.