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  • 26 Feb 2020

Atlas Copco to takeover Isra Vision

Atlas Copco to takeover Isra Vision

Swedish Atlas Copco and German-listed Isra Vision have signed a business combination agreement to create a new division for the company within its Industrial Technique business area and purchase all outstanding shares.

As part of the agreement, Atlas Copco will launch a voluntary public takeover offer at EUR 50 per share in cash for all outstanding shares of Isra Visiaon. Atlas has already secured 34.9 percent of the shares via irrevocable undertakings from various shareholders.

Isra Vision specializes in machine vision solutions with leading technologies for surface inspection and 3D vision for robot guidance, quality inspection and metrology operating through two business lines, Industrial Automation and Surface Vision. The company has a global presence with operations in 25 locations and more than 800 employees. 

The company 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. The major shareholder, Enis Ersü who founded the company has agreed to stay on as CEO and facilitate the integration.

‘Surface inspection and 3D machine vision are part of Atlas Copco’s long-term strategy,’ said Henrik Elmin, president of Industrial Technique business area at Atlas Copco. ‘Isra Vision has a strong brand and market position, a highly regarded technological expertise as well as a solid financial track record. Through this partnership we will increase the support for our customers on their transition towards digital manufacturing in several segments. The ability to offer both joining technologies and machine vision solutions for the same application strengthens our position as a strategic partner for our customers in the future.’

‘Atlas Copco is the committed and long-term owner I have been looking for to give ISRA VISION a platform for further growth,’ added Enis Ersü, CEO of Isra Vision. ‘The partnership is good news not only for our shareholders, but also for our customers, employees and our broader community. Customers will benefit from business continuity and even better service through Atlas Copco’s global footprint. Employees will be pleased to see their jobs and headquarter location secured.’

The offer acceptance period will begin as soon as the German Federal Financial Supervisory Authority will have permitted the offer document. 

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