Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push
Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push TOKYO, Oct 13 (Reuters) - Japanese manufacturer Omron 6645.T 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.
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% for the benchmark Nikkei 225 .N225.
(Reporting by Anton Bridge; Editing by Thomas Derpinghaus)
((Anton.Bridge@thomsonreuters.com))