Acquisitions · Industrial robots
Omron buys US robot maker Adept Technology for about $200 million
- Buyer
- Omron (Kyoto)
- Target
- Adept Technology, Pleasanton, California
- Value
- About $200M ($13.00 per share; the filing says about $201M)
- Status
- Agreed on September 16, 2015; the tender offer was completed in October 2015.
- Date
- 2015-09-16
Omron agreed to buy Adept Technology, a Pleasanton, California maker of industrial and mobile robots, for $13.00 per share in cash, or about $200 million, through a tender offer. Adept reported sales of $54.2 million for the year to June 2015. The tender offer was completed in October 2015.
Why it matters
The deal added robots to Omron's factory automation products, which it described as adding "R" to its "ILO+S" strategy.
Sources
Kakehashi M&A News home
