TOKYO, Oct 13 : Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said on Tuesday.
The acquisition is intended to develop Omron's physical artificial intelligence services within its industrial automation business, the company said in a news release.
• Onlogic is a developer, manufacturer and seller of industrial PCs, with which Omron hopes to combine its high-precision control technology to develop physical AI platforms and expand its customer base in the US.
• Onlogic's parent, Interlogic, will become a wholly owned subsidiary of Omron. Onlogic will continue to operate as an independent business, retaining its brand and current management team, the release said.
Guess WordCrack the word, one row at a timeBuzzwordCreate words using the given lettersMini SudokuTiny puzzle, mighty brain teaserMini CrosswordSmall grid, big challengeWord SearchSpot as many words as you can Show More Show Less• In May, US-based subsidiary Omron Robotics signed a collaboration agreement with Italian automation company Comau to develop automation services in industrial manufacturing.
• Omron's shares were roughly flat in morning trading in Tokyo, compared with a drop of around 2.2 per cent for the benchmark Nikkei 225.