Adept eyes processing expansion with InMoTx acquisition
Robotics provider, Adept said the takeover of privately held InMoTx would be valued at approximately $4.3m.
Rush LaSelle, a spokesperson for Adept told FoodProductionDaily.com the deal was driven by an interest in expanding the company’s offering for the automation of food processing and handling technologies rather than European expansion opportunities.
LaSelle said that Adept already enjoyed strong brand recognition and “excellent market share” in the European automation markets.
Cost savings and innovation
According to LaSelle, the acquisition of InMoTx willpositionAdept to deliver the cost structure of a vertically-integrated robot manufacturer with the experience, IP portfolio and nimbleness of an experienced systems provider.
“It is expected that Adept’s global sales channels will accelerate the deployment of the innovative solutions offered by InMoTx while Adept’s worldwide supply chain will enable the companies to take advantage of an improved cost structure,” said LaSelle.
According to the spokesperson, Adept is currently looking to expand its operations in Asia.
John Dulchinos, president and CEO of Adept Technology said, "As was the case with Adept's acquisition of MobileRobots, this transaction furthers Adept's strategy to more efficiently transport goods, particularly those in regulated industries, throughout a facility by strengthening the company's ability to automate the handling of products safely and reliably while offering traceability."
Adept is a global supplier of robotic equipment for the food packaging industry.
InMoTx provides processing technologies to food manufacturers such as inspecting, sorting, grading machinery.
The acquisition is subject to customary closing conditions and is expected to be completed by mid-January, 2011. The transaction is expected to be accretive in Adept's fiscal 2012 year.