Stockholm, Sweden, May 5, 2020: The additional acceptance period for the voluntary public takeover offer of ISRA VISION expired on April 29. ISRA VISION shareholders have tendered a total of 17 205 199 shares representing 78.51% of the share capital of ISRA VISION.
With an acceptance rate of 78.51% and its shareholding of 13.68%, Atlas Copco will hold 92.19% of the shares in ISRA VISION upon completion of the takeover offer.
“We are pleased with the strong support for our takeover offer”, said Henrik Elmin, Business Area President Industrial Technique. “We are committed to the long-term growth of the company and look forward to partner with ISRA VISION, bringing their strong brand and technological expertise into the Atlas Copco Group.”
The offer is still subject to approval by the Committee on Foreign Investment in the United States (CFIUS). All other offer conditions have been fulfilled.
For more information about the offer, see the deal website: www.technology-offer.com.
About Atlas Copco
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries. In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year-end about 39 000 employees.