DGAP-News: ISRA and Atlas Copco conclude strategic partnership: Squeeze out completed

2021. május 18., kedd, 13:04







DGAP-News: ISRA VISION AG


/ Key word(s): Squeeze Out






ISRA and Atlas Copco conclude strategic partnership: Squeeze out completed








18.05.2021 / 13:04




The issuer is solely responsible for the content of this announcement.




ISRA and Atlas Copco conclude strategic partnership: Squeeze out completed


Darmstadt, May 18, 2021: ISRA VISION AG (ISIN: DE 0005488100), one of the world"s top companies for industrial image processing (Machine Vision) as well as a global leader for the surface inspection of web materials and 3D machine vision applications will merge with Atlas Copco Germany Holding AG with today"s entry of the merger squeeze-out in the Commercial Register and the transfer of the shares of the remaining shareholders (minority shareholders) of ISRA VISION AG.



ISRA entered into a strategic partnership with the Swedish industrial group, Atlas Copco, in 2020. Atlas Copco"s public offer to acquire all ISRA shares was initiated on February 10, 2020, and carried out on June 24, 2020. In addition, the Annual General Meeting of ISRA VISION AG resolved to exclude the remaining minority shareholders on December 15, 2020. This will end the stock exchange listing of ISRA VISION AG, which was last listed as a member of the SDAX and TecDAX.



Hosting the headquarters of the independent Machine Vision Solutions Division in Atlas Copco"s Industrial Technique business unit, the company continues to operate under the name ISRA VISION AG with the same members of the Executive Board and Supervisory Board. For the employees, who were legally transferred to the parent company in the course of the merger, this strategic partnership offers a long-term perspective. Customers and business partners in particular will benefit from the stronger global presence of the Group. Cooperation with other Atlas Copco companies will be intensified in the future, with ISRA being an important pillar for the future strategy in the area of smart automation and digitalization.




Company profile


ISRA VISION AG, together with its subsidiaries, is worldwide leading in surface inspection of web materials. Furthermore, it is one of the globally leading providers of machine vision programs, specialising in the area of 3D machine vision, in particular for "3D robot vision".



The core competence of the Company is the ISRA-BrainWARE(R), an innovative software for intelligent machine vision systems. Here, the scientific know-how from the fields of optics, lighting technology, surveying technology, physics, image processing and classification algorithms and a complex system design are combined. Machine vision is a key technology for visualising systems that imitate the human eye. Today"s ISRA applications focus primarily on the automation of production and quality assurance of goods and products supplied to large, future-oriented markets such as energy, healthcare, food, mobility and information. The customers mainly include renowned global players from the respective sectors. With more than 25 locations worldwide, ISRA offers customer proximity everywhere and ensures optimum service and support.



Further information is available at www.isravision.com.




Additional Information



ISRA VISION AG

Industriestraße 14

64297 Darmstadt

Germany

Tel.: +49 (0) 6151 948 - 0

Fax: +49 (0) 6151 948 - 140

Internet: www.isravision.com



Investor Relations



E-Mail: investor@isravision.com



Melanie Böttcher

Tel.: +49 (0) 6151 948 - 209



Susanne Becht

Tel.: +49 (0) 6151 948 - 212
















18.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: ISRA VISION AG

Industriestr. 14

64297 Darmstadt

Germany
Phone: +49 (0)6151 9 48-0
Fax: +49 (0)6151 9 48-140
E-mail: investor@isravision.com
Internet: www.isravision.com
ISIN: DE0005488100
WKN: 548810
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1197801





 
End of News DGAP News Service





1197801  18.05.2021 



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