Atlas Copco has confirmed its intent to carry out a merger of Isra Vision into the group.
A voluntary public takeover offer of the machine vision specialist was announced in February this year, with settlement taking place in June. Atlas Copco Germany Holding AG, the legal entity created for the takeover offer, now holds 92.19% of the shares in Isra Vision
As a next step, Atlas Copco Germany Holding AG has informed the management board of Isra Vision of its intention to carry out a merger of the two businesses. In connection with this, Atlas Copco Germany Holding AG has requested a squeeze-out of the minority shareholders. The minority shareholders of Isra Vision will receive an adequate cash compensation in exchange for the transfer of their shares.
As previously communicated, Isra Vision will continue to operate under the same brand with its headquarter in Darmstadt, Germany, and has now become a new division within the Industrial Technique business area of Atlas Copco.
In connection with the merger, the newly created Atlas Copco Germany Holding AG will relocate its seat from Essen to Darmstadt and will be renamed Isra Vision AG. The governance structure and memberships in management board and supervisory board will be arranged as foreseen in the business combination agreement between Atlas Copco and Isra Vision. In the course of the merger, all employees will transfer to new Isra Vision by operation of law.
