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Atlas Copco offers €1.09bn for Isra to enter machine vision

10 February, 2020

The Swedish industrial group Atlas Copco has launched a €1.09bn ($1.19m) cash bid for the German machine vision manufacturer Isra Vision, with the approval of Isra’s founder and CEO, Enis Ersü. Isra will keep its brand name and its headquarters in Darmstadt, Germany, and will become the nucleus for a new machine vision division within Atlas Copco’s Industrial Technique business, which focuses on industrial automation systems, quality assurance products and industrial software.

The acquisition is part of Atlas Copco’s long-term strategy to strengthen its focus on technologies that enable digital manufacturing, and to meet increasing demands for quality inspection and flexible automation. It sees machine vision as a key technology that will enable its customers in a wide range of industries to digitalise their production activities.

Isra specialises in machine vision systems with technologies for surface inspection, and 3D vision for robot guidance, quality inspection and metrology. It has two business lines – industrial automation and surface vision. The company has more than 800 employees working at 25 locations around the world. In 2018/19, Isra generated revenues of €154m and an Ebit of around €34m. Over the past ten years, the company has delivered a CAGR of 9% in terms of revenues.

“Surface inspection and 3D machine vision are part of Atlas Copco’s long-term strategy,” says Henrik Elmin, president of its Industrial Technique business. “Isra Vision has a strong brand and market position, a highly regarded technological expertise, as well as a solid financial track record.

“Through this partnership,” he adds, “we will increase the support for our customers on their transition towards digital manufacturing in several segments. The ability to offer both joining technologies and machine vision solutions for the same application strengthens our position as a strategic partner for our customers in the future.”

Isra Vision's technologies include 3D vision systems designed to be mounted on robot arms

Isra Vision’s founder and CEO Enis Ersü, describes Atlas Copco as “the committed and long-term owner I have been looking for to give Isra Vision a platform for further growth. Customers will benefit from business continuity and even better service through Atlas Copco’s global footprint. Employees will be pleased to see their jobs and headquarter location secured.”

Ersü has agreed to stay on as CEO to facilitate the integration.

Stockholm-based Atlas Copco, whose products include compressors, vacuum pumps and industrial tools, employs around 39,000 people and operates in more than 180 countries. In 2019, its revenues amounted to €10bn.

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