Atlas Copco : to acquire Perceptron, a US company specialized in automated metrology
September 28, 2020 at 07:15 am EDT
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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.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 39 000 employees at year-end. Revenues of BSEK 104/BEUR 10 in 2019.
Important Additional Information
In connection with the proposed transaction, Perceptron, Inc. ('Perceptron') intends to file relevant materials with the U.S. Securities and Exchange Commission (the 'SEC'), including a preliminary proxy statement on Schedule 14A. Perceptron shareholders are urged to carefully read these materials in their entirety (including any amendments or supplements thereto) and any other relevant documents that Perceptron files with the SEC when they become available because they will contain important information about Perceptron and the proposed transaction. The proxy statement and other relevant materials (when available), and any and all documents filed by Perceptron with the SEC, may be obtained free of charge at the SEC's website (www.sec.gov).
This press release is not intended to and does not constitute a proxy solicitation, an offer to purchase or a solicitation of an offer to sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Certain statements contained in this press release may be statements of future expectations and other forward-looking statements that involve risks and uncertainties. In some cases, these statements can be identified by the use of terms such as 'expect,' 'will,' 'continue,' or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. There is no guarantee that the expected events or expected results will actually occur. Forward-looking statements are inherently uncertain and are based on information available as of the date hereof and current expectations, forecasts, estimates, and assumptions. A number of factors and uncertainties could cause actual results or events to differ materially from those described in any forward-looking statements. All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and Atlas Copco disclaims any obligation to update the information in this press release. Readers should not place undue reliance on forward-looking statements.
The proposed transaction is subject to certain conditions precedent, including regulatory approvals and approval of the Perceptron's shareholders. Atlas Copco cannot provide any assurance that the proposed transaction will be completed, nor can it give assurances as to the terms on which such proposed transaction will be consummated.
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Atlas Copco AB published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 11:14:02 UTC
Atlas Copco AB is one of the world's leading industrial groups. Net sales break down by family of products as follows:
- air and gas compressors and electrical generators (70.4%). The group also sells compressed air treatment equipment (filters, dryers, coolers, air tanks);
- industrial machine tools (16.2%): grinders, punches, impact tools, drills, threaders, pneumatic assembly tools, power drivers, etc.;
- construction, drilling, and demolition equipment (13.4%): pneumatic and hydraulic rock breakers, drill hammers, drilling motors, mine carts, upward boring machines, etc.
Net sales are distributed geographically as follows: Sweden (1.3%), Europe (25.9%), Asia and Oceania (38.6%), North America (25.5%), Africa and Middle East (4.5%) and South America (4.2%).