Atlas Copco and Perceptron have entered into an agreement for the Sweden-based group to acquire the US supplier of automated metrology technology.
Perceptron is a provider of 3D automated measurement technologies and coordinated measuring machines, with manufacturers around the world utilising its systems to achieve best-in-class quality, reduce scrap, minimise re-work and increase productivity.
Atlas Copco is a Swedish multinational industrial company that manufactures industrial tools and equipment.
This deal follows Atlas Copco’s move into machine vision following its acquisition of Isra Vision. Both Perceptron and Isra Vision will fall under the newly created Machine Vision Solutions division within Atlas Copco’s Industrial Technique business area.
Henrik Elmin, Industrial Technique president at Atlas Copco, said, ‘Flexible automation and in-line quality control on the production line are two strong trends where we want to support our customers in their transition towards digital manufacturing.
‘Through Perceptron’s position in automated metrology and robot guidance, together with the recent acquisition of Isra Vision, we are creating a strong offering in machine vision solutions and extending the Smart Factory Automation business segment.’
Mr Elmin continued, ‘The acquisition of Perceptron will enable us to increase our customers’ productivity through best-in-class quality control and an increased automation level. Perceptron has almost 40 years of experience as a leading global provider of 3D automated measurement solutions. There are several identified synergies in sales, operations, service and technology development from Perceptron joining the Machine Vision Solutions division.’
The transaction will be completed by way of a negotiated statutory merger. It has been approved by the boards of directors of both companies. Additionally, Perceptron’s largest shareholder, affiliates of Harbert Management Corporation, has signed a Voting and Support Agreement in favour of the proposed transaction. Subject to majority approval by Perceptron shareholders, customary closing conditions and regulatory approvals, the transaction is expected to close in the fourth quarter of 2020.
