Atlas Copco and Perceptron have entered into an agreement for Atlas Copco to acquire Perceptron, a leading supplier of automated metrology solutions, for USD 7.00 per share. The company is headquartered in the United States and listed on the NASDAQ stock exchange in New York. Perceptron has approximately 300 employees and is headquartered in Plymouth, Michigan, USA. In the fiscal year 2020 Perceptron had revenues of MSEK 569 (MUSD 62.3).

Atlas Copco will pay USD 7.00 per share, corresponding to an enterprise value of MSEK 573 (MUSD 62.7), including MSEK 57 (MUSD 6.2) of assumed net cash on hand. The total purchase price will be MSEK 630 (MUSD 68.9). The offer represents a premium of 66% to Perceptron’s 30-day average closing share price of USD 4.22 up to September 25, 2020, the last trading day prior to this announcement.

The transaction will be completed by way of a negotiated statutory merger. It has been approved by the Boards of Directors of both companies. Additionally, Perceptron’s largest shareholder, affiliates of Harbert Management Corporation, has signed a Voting and Support Agreement in favor of the proposed transaction. Subject to majority approval by Perceptron shareholders, customary closing conditions and regulatory approvals, the transaction is expected to close in the fourth quarter of 2020.

The acquisition is an all-cash transaction utilizing Atlas Copco’s existing own funds. Perceptron will become part of Atlas Copco’s newly created division Machine Vision Solutions within the Industrial Technique business area.