Japan’s Omron to purchase United States commercial PC company Onlogic for $ 675 million in physical AI push
A demonstrator bets Forpheus, a 6th generation AI-equipped robotic table tennis tutor, in the Omron cubicle throughout the 2020 CES in Las Vegas, Nevada, U.S. January 8, 2020. REUTERS/Steve Marcus/File Photo
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TOKYO, Oct 13: Japanese maker Omron will purchase United States commercial PC company Onlogic and its moms and dad business, Interlogic, for $ 675 million, the business stated on Tuesday.
The acquisition is planned to establish Omron’s physical expert system services within its commercial automation service, the business stated in a press release.
– Onlogic is a designer, maker and seller of commercial PCs, with which Omron wishes to integrate its high-precision control innovation to establish physical AI platforms and broaden its client base in the United States.
– Onlogic’s moms and dad, Interlogic, will end up being a completely owned subsidiary of Omron. Onlogic will continue to run as an independent company, keeping its brand name and present management group, the release stated.
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– In May, US-based subsidiary Omron Robotics signed a cooperation contract with Italian automation business Comau to establish automation services in commercial production.
– Omron’s shares were approximately flat in early morning trading in Tokyo, compared to a drop of around 2.2 percent for the benchmark Nikkei 225.
Source: ReutersWeek in Review
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