Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push
A demonstrator plays against Forpheus, a 6th generation AI-equipped robotic table tennis tutor, in the Omron booth during the 2020 CES in Las Vegas, Nevada, U.S. January 8, 2020. REUTERS/Steve Marcus/File Photo
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.
• 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.
