The strategic partnership between ISRA VISION AG (ISIN: DE 0005488100), one of the world’s top companies for industrial image processing (Machine Vision) as well as a global leader for surface inspection of web materials and 3D machine vision applications, and the global industrial group Atlas Copco is close to completion: With the approval by the Committee on Foreign Investment in the United States (CFIUS) on June 11, 2020 all conditions for execution are fulfilled. The settlement is expected to take place on June 24, 2020. This will also result in the payment of the purchase price of EUR 50.00 per share to all ISRA shareholders who accepted Atlas Copco’s offer during the acceptance period or the further acceptance period.
The strategic partnership was initiated through a public tender offer announced by Atlas Copco on February 10, 2020 at an attractive offer price of EUR 50.00 per share. After settlement of the public tender offer, Atlas Copco will hold 92.19 percent of ISRA shares. As a new division within the Industrial Technique business area, ISRA will continue to operate independently on the international markets out of its headquarters in Darmstadt. The founder and CEO of ISRA VISION AG, Enis Ersü, who has also made an ideal succession arrangement with the partnership of the two industrial companies, will coordinate the integration for at least another year in his position as Chairman of the Executive Board in order to ensure an optimal transition.
“I am very pleased that the strategic succession plan for ISRA has been supported by so many of our shareholders. I am convinced that with our leading technologies in surface inspection and 3D machine vision as well as the global presence of Atlas Copco, we will create a world market leader in machine vision that will ensure the interests of all ISRA customers and employees. We are looking forward to this new chapter in ISRA’s history. It is now important to move forward with the integration quickly,” says Enis Ersü.
Atlas Copco is headquartered near Stockholm with customers in more than 180 countries and about 39,000 employees. In 2019, Atlas Copco achieved revenues of 104 bn. SEK (approx. 10 bn. EUR). The Group has been present in Germany for more than 65 years and has successfully integrated many companies in Germany and around the globe.
The strategic partnership was initiated through a public tender offer announced by Atlas Copco on February 10, 2020 at an attractive offer price of EUR 50.00 per share. After settlement of the public tender offer, Atlas Copco will hold 92.19 percent of ISRA shares. As a new division within the Industrial Technique business area, ISRA will continue to operate independently on the international markets out of its headquarters in Darmstadt. The founder and CEO of ISRA VISION AG, Enis Ersü, who has also made an ideal succession arrangement with the partnership of the two industrial companies, will coordinate the integration for at least another year in his position as Chairman of the Executive Board in order to ensure an optimal transition.
“I am very pleased that the strategic succession plan for ISRA has been supported by so many of our shareholders. I am convinced that with our leading technologies in surface inspection and 3D machine vision as well as the global presence of Atlas Copco, we will create a world market leader in machine vision that will ensure the interests of all ISRA customers and employees. We are looking forward to this new chapter in ISRA’s history. It is now important to move forward with the integration quickly,” says Enis Ersü.
Atlas Copco is headquartered near Stockholm with customers in more than 180 countries and about 39,000 employees. In 2019, Atlas Copco achieved revenues of 104 bn. SEK (approx. 10 bn. EUR). The Group has been present in Germany for more than 65 years and has successfully integrated many companies in Germany and around the globe.
