Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Adept Technology acquires InMoTx

By Leslie Langnau | January 5, 2011

Share

Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent vision-guided robotics and autonomous mobile solutions, has entered into an agreement to acquire the Denmark-based, privately held InMoTx, a provider of industry leading technology for the global food processing market. The acquisition will help enhance Adept’s position in the fast-growing food packaging industry, as InMoTx develops devices dedicated to inspecting, sorting, grading, and hygienically packaging unwrapped, natural products. Such products reduce the risk of contamination introduced by manual handling. In addition to safe handling, better traceability will be another benefit of this development.

The Bureau of Labor Statistics expects that employment will not increase in the organic food portion of the industry, but output will continue its growth at a rate of approximately 27% between now and 2016. The products and services deployed by InMoTx help producers, consumers, and government agencies obtain higher levels of efficiency, flexibility, and safety.

For its part, InMoTx benefits from Adept’s resources and international support infrastructure, along with tighter integration of the engineering teams.

The acquisition of InMoTx compliments the introduction of both the Adept PAC and USDA-accepted Adept Quattro in expanding Adept’s automation presence in meat processing (poultry, fish and red meats), which is estimated to represent placement opportunities of over 75,000 processing lines.

Upon completion of the acquisition, InMoTx Denmark employees will become part of Adept‘s team and will work with Adept’s existing engineering, operations and service teams in Pleasanton, Calif, Dortmund, Germany and Singapore. InMoTx’ US operations will be consolidated into the Adept Pleasanton, Calif. headquarters.?? Under the terms of the agreement, Adept will acquire InMotx in a cash and stock transaction valued at up to $4.3 million, which includes $1.5 million in cash, subject to adjustment, 200,000 shares of Adept common stock and earnout provisions based upon the revenues of the acquired business and related products over the three years following the acquisition. InMotx’ founder and chief technology officer will be granted up to 100,000 shares of Adept common stock contingent on his continued employment with Adept for three years following the acquisition. The acquisition is subject to customary closing conditions and should be completed by mid-January, 2011. The transaction is expected to be accretive in Adept’s fiscal 2012 year.

About Adept Technology, Inc.
www.adept.com

::Design World::


Filed Under: Packaging, Mechatronics

 

Tell Us What You Think!

Related Articles Read More >

beckhoff-control-cabinet-image
Right sized packaging to boost sustainability
Zip seal bags
Creating a greener package design
See a fully functional integrated packaging line at Pack Expo 2021
Packaging expos to reunite the packaging and processing industry this September in Las Vegas

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Industrial disc pack couplings
  • Pushing performance: Adding functionality to terminal blocks
  • Get to Know Würth Industrial Division
  • Renishaw next-generation FORTiS™ enclosed linear encoders offer enhanced metrology and reliability for machine tools
  • WAGO’s smartDESIGNER Online Provides Seamless Progression for Projects
  • Epoxy Certified for UL 1203 Standard

Design World Podcasts

July 26, 2022
Tech Tuesdays: Sorbothane marks 40 years of shock and vibration innovation
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings