SQUAWK/NEWS
Account
Theme
Account
Menu
Live News MNA FLASH L impact

Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push

TOKYO, Oct 13 (Reuters) — 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% for the benchmark Nikkei 225. (Reporting by Anton Bridge; Editing by Thomas Derpinghaus) ((Anton.Bridge@thomsonreuters.com)

.N2256645.TBGINTL.BB