M&A Deal Summary

OMRON Acquires Adept Technology

On October 26, 2015, OMRON acquired technology hardware company Adept Technology from Crosslink Capital and Hale Capital Partners for 200M USD

Acquisition Highlights
  • This is OMRON’s 1st transaction in the Technology Hardware sector.
  • This is OMRON’s largest (disclosed) transaction.
  • This is OMRON’s 6th transaction in the United States.
  • This is OMRON’s 4th transaction in California.

M&A Deal Summary
Date 2015-10-26
Target Adept Technology
Sector Technology Hardware
Buyer(s) OMRON
Sellers(s) Crosslink Capital
Hale Capital Partners
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Mooreland Partners LLC (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Adept Technology

Pleasanton, California, United States
website
Adept Technology, Inc. is a manufacturer of intelligent automation products including autonomous mobile robots, industrial robots, configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment as well as machine vision systems and software. Adept’s strategy is to provide a broad range of highly reliable integrated products with world-class service to help manufacturers maximize productivity, safety, flexibility and product quality.

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Buyer(S) 1

Buyer

OMRON

Kyoto, Japan

website

Category Company
Founded 1990
Sector Electronics
Employees36,842
DESCRIPTION

OMRON Corporation manufactures and sells automation components, equipment, and systems worldwide.

DEAL STATS #
Overall 8 of 9
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 5 of 5
State (California) 4 of 4
Country (United States) 6 of 7
Year (2015) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Delta Tau Data Systems

Chatsworth, California, United States

Delta Tau Data Systems, Inc. is a specialist manufacturer of motion controllers, boasts renowned and powerful development and systems integration capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Omron Oilfield and Marine

Houston, Washington, United States

Omron Oilfield and Marine designs, manufactures, sells, and provides aftermarket services for automated drive and control systems, power houses, and drillers’ cabins. The company also offers software-based drilling technologies on a rental or subscription basis. Omron Oilfield and Marine was founded in Houston as Industrial Drive Maintenance, Inc. (IDM) in 1973.

Sell -

Seller(S) 2

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.

DEAL STATS #
Overall 48 of 60
Sector (Technology Hardware) 8 of 9
Type (Add-on Acquisition) 36 of 43
State (California) 34 of 42
Country (United States) 47 of 59
Year (2015) 4 of 5
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Marble Security

Menlo Park, California, United States

Marble Security is a provider of secure managed portable storage, authentication, and trusted virtual computing services for mobile workers. Marble Security is based in Menlo Park, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 BuildingConnected

San Francisco, California, United States

BuildingConnected, Inc. is a provider of preconstruction platform for real estate owners and general contractors to hire qualified subcontractors. BuildingConnected was founded in 2012 and is based in San Francisco, California.

Buy -
SELLER

Hale Capital Partners

New York, New York, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Hale Capital Partners is a small, private investment firm focused on minority or control investments in publicly-held companies or their subsidiaries. The Firm looks to partner with management when pursuing opportunities and generally targets 'under-appreciated' companies where there's an ability to grow with existing products/services or through acquisitions. Hale Capital Partners was found in 2007 and is based in New York City.

DEAL STATS #
Overall 8 of 8
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 6 of 6
Year (2015) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Midway Gold

Englewood, Colorado, United States

Midway Gold Corp. engages in the acquisition, exploration, and development of mineral properties in North America. Midway Gold was founded in 1996 and is based in Englewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Lantronix

Irvine, California, United States

Lantronix is a provider of secure data access and management solutions for the Internet of Things (IoT) assets. Lantronix is a leading supplier of IoT solutions that enable companies to dramatically simplify the creation, deployment, and management of IoT projects. Lantronix was founded in 1989 and is based in Irvine, California.

Buy -
Mergr

Product

Company

Legal