OMRON Completes Acquisition of Adept Technology
- Addition of Leading Provider of Intelligent Robots to Strengthen Industrial Automation Business -
October 23, 2015 Chicago, U.S. - OMRON Corporation (President: Yoshihito Yamada [TSE: 6645]) ("OMRON"), a global leader in the field of automation based on its core sensing and control technology, today announced it has completed its acquisition of Adept Technology, Inc. ("Adept"), a global, leading provider of intelligent robots, autonomous mobile robot solutions and services.
Under the terms of the previously announced transaction, OMRON's U.S. subsidiary is acquiring Adept through an all cash tender offer followed by a second-step merger. The tender offer commenced on September 23, 2015 and expired at 5:00 p.m. New York City time on October 22, 2015. Approximately 83.32% of all issued and outstanding shares of Adept common stock were tendered into the offer and accepted for purchase by OMRON's United States subsidiary.
Effective today, OMRON's United States subsidiary completed the second-step merger, making Adept a consolidated subsidiary of OMRON.
The impact of the acquisition on the consolidated financial performance of OMRON will be the subject of timely disclosure in Japan.
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