OMRON to Acquire U.S. Based Adept Technology
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:
Robo-Stox: Investing in the Robotics Revolution
"I've worked a long time to make this happen and am very pleased with the results. It enables investors everywhere to capitalize on the accelerating growth and promising future of robotics." Frank Tobe, Co-founder, Robo-stox LLC and Editor/Publisher, The Robot Report.
Hunters: A Good Patent is Good, a Great Lawyer is Even Better
There has to be some way to separate the wheat from the chaff, the frivilous/worthless lawsuits from the honest patents based on hard, sweaty creative efforts that deserve protection.
Can robots find the hidden treasures of history?
In the future, an autonomous archaeological robotic excavation system could be deployed in these and other extreme landscapes. The design of the robotic system, including its instrumentation and motion controls, descends directly from the fields of medical and construction robotics.
Rethink Robotics' Baxter and Universal Robots UR5 and UR10 are Succeeding
Low-cost robots are marching into Small and Medium Enterprises (SMEs)
Robot Launchpad
Persistence is at the heart of every successful robotics startup, and a lot of pivoting. So the faster you can move from prototyping into customer development, market research and investor meetings, the more likely you are to find a good product/market fit.
The Patent Grip Loosens
There has been a lot of gossip and more serious discussion within the healthcare devices industry about patents, their use in marketing strategy, their hindering product development, and their true value as intellectual property (IP).
Interview With Nena Street, The Global Robotics Innovation Park
Our vision is that GRIP will serve as the central hub of the Upper Midwest robotics industry. The robotics industry offers a compelling regional economic development opportunity for the Upper Midwest.
Connecting the Robotics Industry
There are now more connected devices in this world than dollars in the deficit. And the definition of success in business has changed from closed shops to standard modular construction and software that allows all sorts of players to add to the core products that are built.
Two Different Approaches to Spawn Robotics - One Common Thread
Sometimes a company is founded because it stumbles upon a niche that it can fill better than any other company. Such a company is RE2 (Robotics Engineering Excellence). Founded by Jorgen Pedersen as a contract engineering house to fill a need for unmanned systems engineering expertise within Carnegie Mellons National Robotics Engineering Center (NREC), RE2 now provides mobile manipulation systems for defense and safety.
Picking Robotics Stocks Is Complicated: Some Are A Waste Of Time
If you believe that the robotics industry is ready for you to invest in, you wouldn't purchase either Boeing or John Deere -- they aren't representative of the industry and their stocks move to the beat of a different drummer than robotics. Instead, you would pick from a list of pure play robotic stocks (if such a list existed).
Is Your Business Employing Automation?
It will be worth your time to analyze each segment of your business and decide if automation is right for your business and if automation can produce more efficiency or profit.
Unlock the Secret to Selling to the Military
Selling to the military is not easy, but if you are persistent and take one step at a time, asking questions along the way, military sales can add substantially to your bottom line.
Case Study: Micron Resolution Vision Inspection Systems
Compass Automation has rapidly become an industry-leading provider of high resolution, in-line vision inspection systems. In the fall of 2011 Compass completed the project highlighted below for Mitchel & Scott Machine Company, providing an automated vision inspection and thread checker system. Compass was able to provide Mitchel & Scott with an outstanding product in an extremely tight timeline. This system exceeded the quoted performance, providing a repeatability of 2 microns, a reproducability of 4 microns, and passing a Gage R&R with a score of 7.4%.
How Kiva Systems and Warehouse Management Systems Interact
Companies considering a new material handling system are often simultaneously evaluating warehouse management systems (WMS) or have already implemented a WMS. When considering an automated material handling solution such as the Kiva Mobile Robotic Fulfillment System, companies often ask how the systems will work together.
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