ISRA Vision AG’s Owner to Initiate Succession Plan with Atlas Copco
The market capitalization of ISRA Vision surged from 0.73 to 1.11 bn€ within minutes. For the first three quarters of 2019, ISRA Vision reported a converted total revenue of 134.5 m$ and an operating income of 28.5 m$.
Atlas Copco has already secured approx. 35 percent via irrevocable undertakings from major shareholder Enis Ersü and further members of the ISRA management and supervisory board as well as via a share purchase agreement with an institutional investor.
In 2018, Atlas Copco has acquired ISRA Vision’s competitor QUISS. For 2019, the Swedish group reported a converted total turnover of 11 bn$ and an operating income of 2.3 bn$.
It has a preference for a sweet spot in the Machine Vision value chain beyond the commoditizing component business on a higher integrated module and system level.
Read ISRA Vision’s press release here: https://www.isravision.com/fileadmin/standard/14_Investor_Relations/14.4_Financial_Publications/14.4.4_Press_Releases/2020/ISRAVISION_PM_20200210_ATLASCOPCO_EN.PDF
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