Omron Corp., a global leader in the field of automation based on its core sensing and control technology has agreed to acquire Adept Technology Inc., leading provider of intelligent robots, autonomous mobile robot solutions and services.
“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,” says Yutaka Miyanaga, Omron Industrial Automation Business company president.
Adept president and CEO Rob Cain adds, “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.”
Following the transaction, Rob Cain will continue to lead Adept and will report to Nigel Blakeway, chairman, CEO and president of Omron Management Center of America, Inc., OMRON’s wholly owned United States subsidiary.
Founded in 1983, Adept recorded annual sales of $54.2 million and gross margin of 42.0% in the fiscal year ended June 30, 2015. Adept is a leading U.S. based manufacturer of industrial robots. The firm’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.
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. The tender offer is expected to commence on or about September 23, 2015, and the transaction is expected to close on or about October 23, 2015.