Adept Technology Inc., a Livermore, Calif.-based provider of intelligent vision-guided robotics and global robotics services, announced on Jan. 7 that it has acquired Cerebellum Automation SAS, a provider of specialized original equipment manufacturing (OEM) robotics and motion control solutions for the medical and packaging industries.
Privately-held Cerebellum Automation is located in Chavanod, France, near Geneva Switzerland and close to key industrial centers in France, Switzerland and Italy. Adept has agreed to purchase all outstanding shares of Cerebellum for a total purchase price of up to $1.2 million.
Cerebellum Automation, founded in 2004, has a growing base of major OEM, end-user and system integrator customers in France and Western Europe. The company provides a number of products and services, most notably CIDE, an intuitive robotic and motion control application development suite, and ApproFlex, an award-winning feeding and small part handling system designed for end-user customers. Both CIDE and ApproFlex provide incremental value-added revenue potential to Adept’s product line and expand the market for Adept's MotionBlox line of single and multi-axis controllers.
“The acquisition of Cerebellum Automation is both complementary and additive to Adept, augmenting our capabilities in key vertical and geographic markets,” said Robert Bucher, chief executive officer of Adept. “Cerebellum complements our strong position in Germany and gives us a greatly expanded footprint in the French automation market, which is the third largest in Europe. Their expert staff also brings proven experience in developing automation solutions for the medical and packaging markets, which we will leverage worldwide.”
Adept said it plans to rapidly integrate Cerebellum's ten employees into its French office, and anticipates the resulting incremental operating costs will be approximately $230,000 per quarter. The Company expects the acquisition will be immediately accretive to revenue and anticipates continued growth in Cerebellum product sales. Adept further expects the acquisition will be accretive to operations and cash flow within two years.
“On behalf of my co-founder Alexandre Haag and the rest of the Cerebellum team, we are very pleased to be joining Adept Technology,” said Bruno Adam, chief executive officer of Cerebellum Automation. “As a certified developer for Adept for the last several years, we are quite familiar with the company and the quality of its products and its relations with its partners and customers. The marriage of Cerebellum with Adept builds on the strengths of both companies and benefits all parties—customers, partners, employees and shareholders.”
Adept Technology, Inc.