OMRON to acquire Adept
OMRON Corporation plans to acquire Adept for approximately $200m, with the tender offer expected to close on October 22.
Adept's 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.
By adding the robotics technology of Adept to its current offering, OMRON will be well positioned to provide manufacturers with technology in the automotive, digital device, food and beverage and packaging industry.
"This acquisition is part of our strategy to enhance our automation technology and position us for long term growth. Robotics will elevate our offering of advanced automation," said Yutaka Miyanaga, president, OMRON Industrial Automation Business Company.
Following the transaction, Rob Cain, president/CEO, Adept, will continue to lead the company and report to Nigel Blakeway, chairman, CEO and president of Omron Management Center of America, OMRON's wholly owned United States subsidiary.
Founded in 1983, Adept recorded annual sales of $54.2m and gross margin of 42.0% in the fiscal year ended June 30, 2015.
