Acquired Electronics360

Lighting

OMRON to acquire Adept

17 September 2015

OMRON Corporation has announced that it will acquire Adept Technology to expand its offering of advanced automation with the robotics capabilities of Adept. The company will acquire 100% of the outstanding shares of Adept’s common stock through an all-cash-tender offer followed by a second-step merger. OMRON is offering a 63% premium over the closing price for Adept’s common stock, which values it at approximately $200 million. OMRON will fund the tender offer through cash on hand.

As the pressure to cut manufacturing costs increases, supply cycles and operation across global environments continue to shorten while production sites around the world try to improve productivity. Increased use of labor-saving robots is one of the solutions. By adding the robotics technology of Adept to its current offering, OMRON will be better positioned to provide manufacturers in the automotive, digital device, food and beverage, packaging and other industries with solutions to these challenges, as well as engineering support.

Adept is a U.S.-based manufacturer of industrial robots. Its intelligent automation product lines include autonomous mobile robots, industrial robots, configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment, as well as machine vision systems and software.

This acquisition is a part of the acceleration of OMRON’s “ILO+S” (Input, Logic, Output and Safety) strategy for its Industrial Automation Business, which provides automation solutions for the manufacturing industries.

To contact the author of this article, email engineering360editors@ihs.com

Related Links:

visit: www.omron.com



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement