Regulatory approvals obtained for Atlas Copco’s acquisition of ISRA VISION
June 12, 2020
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”.
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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.