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.
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