OMRON to Acquire U.S. Based Adept Technology
OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock, which represents a 63% premium over the closing price for Adept's common stock on September 15, 2015. This values Adept at approximately $200 million. OMRON will fund the tender offer through cash on hand.
Commenting on the acquisition, Yutaka Miyanaga, OMRON Industrial Automation Business Company President, said, "We are delighted Adept Technology, a world leader in robotics, has agreed to join OMRON. 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."
Rob Cain, President and Chief Executive Officer of Adept, added, "We are excited about the opportunity to join OMRON, a global leader in automation. Together, our products will offer new innovative solutions to customers all around the globe."
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Factory Automation - Featured Product
Elmo Motion Control - The Platinum Line, a new era in servo control
Significantly enhanced servo performance, higher EtherCAT networking precision, richer servo operation capabilities, more feedback options, and certified smart Functional Safety. Elmo's industry-leading Platinum line of servo drives provides faster and more enhanced servo performance with wider bandwidth, higher resolutions, and advanced control for better results. Platinum drives offer precise EtherCAT networking, faster cycling, high synchronization, negligible jitters, and near-zero latency. They are fully synchronized to the servo loops and feature-rich feedback support, up to three feedbacks simultaneously (with two absolute encoders working simultaneously). The Platinum Line includes one of the world's smallest Functional Safety, and FSoE-certified servo drives with unique SIL capabilities.
Robotics and Automation - Featured Company
TM Robotics (Americas) Inc
TM Robotics, in partnership with Shibaura Machine, formerly known as Toshiba Machine until 1st April 2020, offers a comprehensive range of industrial robots ideally suited for high-precision assembly, machine loading/unloading and material-handling applications that can be dust proof, clean room, or IP65/67. The company's extensive product line starts with a Cartesian solution available in thousands of combinations from single actuators to four-axis solutions; six-axis solutions that can include precise vision-control; and a complete range of SCARAs from low cost to the industry-leading SCARA with 1200-mm reach that can carry up to 20 kgs. TM Robotics sells and services robots throughout Europe, the Middle East, India, Russia, and Africa, as well as North, Central, and South America, from headquarters in Hertfordshire, England and Elk Grove Village, IL, USA. For more information, visit www.tmrobotics.com or follow us on Twitter, LinkedIn and YouTube.
