OMRON to acquire U.S. based Adept Technology

OMRON Corporation (omron.com), a global leader in the field of automation based on its core sensing and control technology, and Adept Technology, Inc. (adept.com), a global, leading provider of intelligent robots, autonomous mobile robot solutions and services, announced that the two companies have entered into an agreement whereby OMRON will acquire Adept.

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.