OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock, which represents a 63% premium over the closing price for Adept's common stock on September 15, 2015. This values Adept at approximately $200 million. OMRON will fund the tender offer through cash on hand. Commenting on the acquisition, Yutaka Miyanaga, OMRON Industrial Automation Business Company President, said, "We are delighted Adept Technology, a world leader in robotics, has agreed to join OMRON. This acquisition is part of our strategy to enhance our automation technology and position us for long term growth. Robotics will elevate our offering of advanced automation." Rob Cain, President and Chief Executive Officer of Adept, added, "We are excited about the opportunity to join OMRON, a global leader in automation. Together, our products will offer new innovative solutions to customers all around the globe." Full Press Release:
Pixus Technologies, a supplier of backplane, chassis, and embedded component solutions, has released an open frame chassis platform for OpenVPX backplanes.
Pixus Technologies, a supplier of backplane, chassis, and embedded component solutions, now offers ejector handles and panels for 3U and 6U VPX boards.
Software engineering made easy with FAST application software module for robot kinematics and multi-axis coordination
Japan-based Industrial Automation Leader Adds Advanced Robotics Capability with Acquisition
Advanced CM-2600 Series Torque Motor Offers Choice of Integrated Encoder
Qu©bec City, Canada - Robotiq releases the 2-Finger 140 Adaptive Robot Gripper, a large stroke electric gripper with advanced control features. This flexible Gripper allows a robot to pick a wide range of objects with a single, programmable tool. It is ideal for high-mix pick and place applications in many diverse industries such as electronics, consumer goods and logistics.
Saft makes breakthrough into China's fast growing industrial robotics sector with lithium battery order for STEP Electric Corporation
Â· STEP Electric Corporation in China is installing Saft primary lithium batteries to provide memory backup for its industrial robots Â· Key order provides Saft with strategic entry into Chinas booming industrial robotics market
The SCHUNK PGN-plus Permanent has been seamlessly integrated into the PGN-plus family.
Pack Expo - The Pro Mach End of Line Group Showcases at Pack Expo 2015 an Integrated End of Line Packaging System
Integrated Case Packing, Robotic Palletizing, Stretch Wrapping, and De-Palletizing Line Requires 40 Percent Less Floor Space than Comparable Configurations (Booth C-3121)
Okuma's New Intelligent Technology ServoNavi® Shortens Cycle Times and Achieves Higher CNC Machining Accuracies
High precision technology is ideal for maintaining long term accuracy, surface quality and cutting precise, heavy parts.
The Danish robot manufacturer, that pioneered the safety systems of collaborative robots, showcases product features that help lower the automation barrier, making a robot truly collaborative. The features on display at Pack Expo 2015 in Las Vegas are portability, ease of use, and integration.
Spatial Announces Next Generation 3D Software Development Toolkits - A Unified Portfolio Delivering Increased Capabilities and Robustness
Solving Industry Challenges in More Effective and Efficient Ways
Pack Expo - Tekkra Showcases an Innovative Entry-Level Shrink Wrapping and Bundling System at Pack Expo 2015
The modular Triad system from Tekkra delivers rugged, dependable shrink wrapping and bundling technology at an entry-level price and breaks new ground in terms of flexibility. (Tekkra Pack Expo Booth C-3223)
Pack Expo - KLEENLine Introduces a Fast, Quiet and Small Footprint Lane Switch Conveyor at Pack Expo 2015
The latest lane switch solution from KLEENLine breaks new ground in terms of price and performance for multi-lane feeding of cartoners and case packers (KLEENLine Pack Expo Booth C-3621)
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Additive & 3D Printing - Featured Product
Xcentric plastic injection molding services focus on rapid delivery of prototype and low-volume production components. Our production processes are streamlined such that we typically deliver first articles in less than 15 business days, and for simple expedited projects in as little as five days. At the other end of the spectrum, we frequently produce components for customers needing a few hundred thousand components as a bridge to higher productivity molds. Over time, we have earned a reputation for being able to handle highly complex projects, overmolding, custom insert molding, and other complicated projects much faster than with traditional tooling, often helping our clients get to market weeks, if not months earlier. At Xcentric, every mold is designed and fabricated and all production is run in one of our two Michigan-based facilities.