Atlas Copco on Monday made a takeover bid in cash for German vision technology g...
), valuing the company at 1.09 billion euros , including debt, expanding the Swedish company’s business in automated manufacturing and quality control.
The bid is fully supported by Isra Vision’s management board and supervisory board, and Atlas Copco has secured around 35% of the shares via irrevocable undertakings and a share purchase agreement. “We see that customers want to implement a higher level of automation and quality control on the production lines, and machine vision is a critical technology for that.”
Elmin said the main focus would be on expanding Isra Vision’s business as its operating margin of 22% was at a good level.
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