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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Atlas Copco AB    ATCO A   SE0011166610

ATLAS COPCO AB

(ATCO A)
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Atlas Copco : Regulatory approvals obtained for Atlas Copco's acquisition of ISRA VISION

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06/12/2020 | 05:33am EDT

Nacka, Sweden, June 12, 2020: With the approval by the Committee on Foreign Investment in the United States (CFIUS) now obtained, all offer conditions for Atlas Copco's acquisition of ISRA VISION have been fulfilled.

The voluntary public takeover offer of the global machine vision specialist was announced February 10, 2020. The settlement of the offer will be completed presumably on June 24, 2020 and in connection with that a payment of MSEK 9 047 (MEUR 860) will be made to ISRA shareholders. Suspension of trading in tendered shares (ISIN DE000A254W60) will presumably take place on June 19, 2020.

Together with payments made for previous share purchases of MEUR 150, Atlas Copco will have paid MSEK 10 635 (MEUR 1 010) for 92.19% of ISRA VISION.

ISRA VISION specializes in machine vision solutions with leading technologies for surface inspection and 3D vision for robot guidance, quality inspection and 3D metrology operating through two business segments, Industrial Automation and Surface Vision. The company has a global presence with operations in over 25 locations and more than 800 employees and is headquartered in Darmstadt, Germany.

ISRA VISION will continue to operate under the same brand with its headquarter in Darmstadt and will become a new division within the Industrial Technique business area.

"We will now start working on the integration", said Henrik Elmin, Business Area President Industrial Technique. "I look forward to provide our customers with an even stronger offer of technologies enabling digital manufacturing".

For more information, please contact:

Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 10 38
media@atlascopco.com

Daniel Althoff, Vice President Investor Relations
+46 8 743 9597 or +46 76 899 9597
ir@atlascopco.com

Important notice:

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of ISRA VISION AG. The definite terms and conditions of the Takeover Offer, as well as further provisions concerning the Takeover Offer, are set forth in the offer document which is published on www.technology-offer.com. Investors and holders of shares in ISRA VISION AG are strongly advised to read the offer document and all other relevant documents regarding the Takeover Offer, as they contain important information.

Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.

In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees. For more information: www.atlascopcogroup.com (http://www.atlascopco.com)

 

https://news.cision.com/atlas-copco/r/regulatory-approvals-obtained-for-atlas-copco-s-acquisition-of-isra-vision,c3132828

https://mb.cision.com/Main/90/3132828/1263336.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ATLAS COPCO AB -1.81% 396.2 Delayed Quote.8.11%
ISRA VISION AG 0.00% 49.46 Delayed Quote.27.28%
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Sales 2020 99 136 M 11 347 M 11 347 M
Net income 2020 14 341 M 1 641 M 1 641 M
Net Debt 2020 12 706 M 1 454 M 1 454 M
P/E ratio 2020 34,0x
Yield 2020 1,73%
Capitalization 471 B 53 811 M 53 880 M
EV / Sales 2020 4,88x
EV / Sales 2021 4,50x
Nbr of Employees 39 909
Free-Float 81,9%
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Mean consensus HOLD
Number of Analysts 24
Average target price 370,30 SEK
Last Close Price 403,90 SEK
Spread / Highest target 17,6%
Spread / Average Target -8,32%
Spread / Lowest Target -40,3%
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Mats Rahmström President, Chief Executive Officer & Director
Hans Torgny Stråberg Chairman
Hans-Ola Meyer Chief Financial Officer, SVP-Controlling & Finance
Johan Patrik Lennart Forssell Independent Director
Mikael Bergstedt Director
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