This article is from: srnnews.com
TOKYO, Oct 13 (Reuters) – Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said on Tuesday.
The acquisition is intended to develop Omron’s physical artificial intelligence services within its industrial automation business, the company said in a news release.
• Onlogic is a developer, manufacturer and seller of industrial PCs, with which Omron hopes to combine its high-precision control technology to develop physical AI platforms and expand its customer base in the US.
• Onlogic’s parent, Interlogic, will become a wholly owned subsidiary of Omron. Onlogic will continue to operate as an independent business, retaining its brand and current management team, the release said.
• In May, US-based subsidiary Omron Robotics signed a collaboration agreement with Italian automation company Comau to develop automation services in industrial manufacturing.
• Omron’s shares were roughly flat in morning trading in Tokyo, compared with a drop of around 2.2% for the benchmark Nikkei 225.
(Reporting by Anton Bridge; Editing by Thomas Derpinghaus)
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