HAMELN, GERMANY -- Orpro Vision today announced an agreement to acquire
Orbotech’s assembly inspection business in a deal expected to close in April.
The deal includes R&D, technical support, sales, manufacturing and
process control solutions, and is subject to customary conditions to
closing, including any requisite regulatory approvals. Financial
details were not immediately disclosed.
Orpro will support the current Orbotech AOI lines (Symbion and Vantage)
and
support legacy products. The unit will be headquartered in Hameln and run as an independent
company under the name Orpro Vision. The Americas and Europe will be
served through a network of agents and distributors.
Besides the offices in Hameln, a facility for the US market will be
created in Billerica, MA, which is where Orbotech's US operations are
based.
Italy-based Orpro is part of
Fin.Pro S.p.A., is a longstanding Orbotech business partner and parent of
Prodelec and
Prod Electronic and
Neutec Electronic