Atlas Copco AB (OM:ATCO A) signed a business combination agreement to acquire Isra Vision AG (XTRA:ISR) from Kabouter Management L.L.C., VISION GbR, EVWB GmbH & Co. KG, members of the Supervisory Board of Isra Vision and other shareholders for €1.1 billion on February 10, 2020. The offer per share for the tender offer is €50. The acquisition is an all-cash transaction with committed funds. BNP Paribas supported the acquisition. Isra Vision will continue to operate under the same brand and will become a new division within the Industrial Technique business area. Following the closing of the takeover offer, the intention is to launch a delisting offer, which will be supported by Isra Vision's management and which does not require any minimum shareholding thresholds under German law. Enis Ersü, founder and Chief Executive Officer of Isra Vision has agreed to stay as Chief Executive Officer and facilitate the integration. The jobs of employees of Isra Vision will be secured. Isra Vision's headquarter in Darmstadt will be secured. The tender offer will be made subject to, inter alia, the approval by antitrust authorities and the Committee on Foreign Investment in the United States. The offer will not contain a minimum acceptance threshold, as Atlas Copco does not intend to enter into a domination agreement. The offer has the full support from both the management Board and the supervisory Board of Isra Vision. Atlas Copco has already secured 34.9% of the shares via irrevocable undertakings and a share purchase agreement. Irrevocable agreements have been signed by EVWB GmbH & Co. KG, an entity controlled by Enis Ersü, Vision GbR, by members of the Supervisory Board (0.3%). In addition, Atlas Copco has signed a share purchase agreement for 6.1% with EVWB GmbH under the larger business combination agreement. The acceptance period will begin as soon as the German Federal Financial Supervisory Authority (BaFin) will have permitted the offer document. As reported on April 16, 2020, the regular acceptance period for the voluntary public takeover offer of Isra Vision launched February 28, 2020 expired April 8, 2020. Isra Vision shareholders have tendered a total of 13.7 million shares representing 62.62% of the share capital of Isra Vision. As on February 28, 2020, acceptance period of the acquisition started. Acceptance period will end on April 8, 2020. The additional Acceptance Period will presumably commence on April 16, 2020 and end on April 29, 2020. As on April 29, 2020, Isra Vision shareholders have tendered a total of 17.2 million shares representing 78.51% of Isra Vision. The offer is still subject to the approval by the Committee on Foreign Investment in the United States. As of June 12, 2020, the transaction was approved by Committee on Foreign Investment in the United States. All offer conditions have been fulfilled. The settlement of the offer will be completed presumably on June 24, 2020.

Wilhelm Reinhardt, Dirk Oberbracht, Finn Zeidler, Jens-Olrik Murach, Ferdinand Fromholzer, Michael Walther, Mark Zimmer, Annekatrin Pelster and Alexander Klein of Gibson, Dunn & Crutcher LLP acted as legal advisors to Atlas Copco AB. Hartmut Krause, Hans-Peter Löw, Jens Matthes, Jürgen Schindler, Alexander Wüpper, Andre Wandt, Katharina Stüber and Boris Blunck of Allen & Overy LLP acted as legal advisors to Isra Vision. BNP Paribas SA acted as financial advisor to Atlas Copco AB. Parkview Partners acted as financial advisor to Isra Vision AG. BNP Paribas Securities Services acted as central settlement agent for Atlas. Lior Pinsky and Maria Letícia Curtolo de Goes of Veirano Advogados acted as legal advisor to Atlas Copco. Lazard AB acted as financial advisor to Atlas Copco.