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Omron acquires Adept Technology

Omron acquires Adept Technology

Omron reports that it has strengthened its industrial automation business with the acquisition of Adept Technology. Omron will acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger.

For 30 years Adept has been an industry leader in the development of innovative and powerful industrial robots for high speed, precision manufacturing, packaging and factory automation. Adept's industrial robot innovations include the expansive line of Cobra SCARA robots, Viper six axis (articulated) robots, Quattro and Hornet delta robots, and Python linear modules (Cartesian robots).

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. Omron has a comprehensive automation product portfolio that spans the spectrum of ILO+S for automation systems. By acquiring Adept, Omron will further enhance this offering by adding R (robotics) and advancing its strategy to "ILO+S+R" to meet the needs of customers.

By adding the robotics technology of Adept to its current offering, Omron will be very well 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.

Commenting on the acquisition, Omron industrial automation business president Yutaka Miyanaga 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 CEO 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."

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, Omron's wholly owned United States subsidiary.


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