Atlas Copco has entered into an agreement to acquire Perceptron, a leading supplier of automated metrology solutions. The company will become part of Atlas Copco’s newly created division Machine Vision Solutions within the Industrial Technique business area.
Henrik Elmin, Business Area President Industrial Technique 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,” Elmin added.
Perceptron has approximately 300 employees and is headquartered in Plymouth, Michigan, USA.
“The acquisition of Perceptron will enable us to increase our customers’ productivity through best-in-class quality control and an increased automation level,” continued Elmin. “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. The transaction is expected to be completed in Q4 2020 subject to majority approval by Perceptron shareholders.
Atlas Copco announced in July of this year the extension of its agreement with its bolting distributor Torque Solutions to ensure companies operating within the energy production sector have quick and cost-efficient access to tooling and equipment through a full spectrum rental service.
