Billion Dollar ISRA Acquisition Receives Regulatory Approval
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 on June 24, 2020 and in connection with that a payment of 860 MEUR ($972 M) will be made to ISRA shareholders.
Together with payments made for previous share purchases of 150 MEUR Atlas Copco will have paid 1010 MEUR ($1141 M) 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 of Atlas Copco.
“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: www.atlascopcogroup.com www.isravision.com