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'.
Atlas Copco AB published this content on 12 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 June 2020 09:42:03 UTC