Lake Street Capital Markets Downgrades Adept Technology (ADEP) to Hold

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Go back to Lake Street Capital Markets Downgrades Adept Technology (ADEP) to Hold

OMRON to Acquire U.S. Based Adept Technology

September 16, 2015 4:05 AM EDT

Adds Robotics to Strengthen Industrial Automation Business

KYOTO, Japan & PLEASANTON, Calif.--(BUSINESS WIRE)-- OMRON Corporation (President & CEO: Yoshihito Yamada [TOKYO:6645]) (OMRON), a global leader in the field of automation based on its core sensing and control technology, and Adept Technology, Inc. (President and Chief Executive Officer: Rob Cain [NASDAQ:ADEP]) (Adept), a global, leading provider of intelligent robots, autonomous mobile robot solutions and services, today announced that the two companies have entered into an agreement whereby OMRON will acquire Adept.

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