DGAP-News: ISRA VISION AG: Atlas Copco publishes quarterly figures

2020. október 22., csütörtök, 08:40







DGAP-News: ISRA VISION AG


/ Key word(s): Miscellaneous






ISRA VISION AG: Atlas Copco publishes quarterly figures








22.10.2020 / 08:40




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




Atlas Copco publishes quarterly figures



Darmstadt, October 22, 2020: Atlas Copco is publishing its quarterly figures today that contain the following information about ISRA VISION AG (ISIN: DE 0005488100):



"On February 10, it was announced that Atlas Copco will partner with the global machine vision specialist ISRA VISION AG through a voluntary public takeover offer.



All offer conditions were fulfilled during the second quarter.



The settlement of the offer was completed on June 24, 2020 and in connection with that a payment of MSEK 9 028 (MEUR 860) was made to ISRA VISION shareholders. Together with payments made for previous share purchases of MEUR 150, Atlas Copco has paid MSEK 10 604 (MEUR 1 010) for 92.19% of ISRA VISION. On August 3, it was announced that Atlas Copco has requested a squeeze out of minority shareholders in ISRA VISION AG.



ISRA VISION specializes in machine vision solutions with leading technologies for surface inspection and 3D vision for robot guidance, quality inspection and 3D metrology operating through two business segments, Industrial Automation and Surface Vision. The company has a global presence with operations in over 25 locations and more than 800 employees and is headquartered in Darmstadt, Germany. ISRA VISION will continue to operate under the same brand with its headquarters in Darmstadt and be a part of the Industrial Technique business area.



From the date of control, revenues were MSEK 420 and operating profit MSEK 10, corresponding to an operating margin of about 2%, including negative purchase price allocation effects of MSEK 50.



A preliminary purchase price allocation is outlined below.
























MSEK
Intangible assets 4 100
Property, plant and equipment 200
Other assets 1 700
Cash and cash equivalents 300
Interest-bearing liabilities and borrowings -500
Other liabilities and provisions -1 800
Net identifiable assets 4 000
Non-controlling interests -300
Goodwill 6 900
Total consideration 10 600

 

SEK / EUR 10.50 at date of acquisition."

 



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 visualizing 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
















22.10.2020 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 (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1142370





 
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1142370  22.10.2020 



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