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 US$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 US$200 million.
Omron will fund the tender offer through cash on hand.
The tender offer is expected to commence on or about September 23, 2015, and the transaction is expected to close on or about October 22, 2015.
As global manufacturing comes under even more pressure to cut costs, shorten supply cycles and operate across global environments, Omron says production sites around the world strive to improve productivity.
Increased use of labor-saving robots is one of the solutions.
This acquisition is a part of the acceleration of Omron’s ILO+S (Input, Logic, Output and Safety) strategy for its industrial automation business, which provides automation solutions for the manufacturing industries.
