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PRESS RELEASE: ISRA VISION AG: Atlas Copco publishes quarterly figures

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DGAP-News: ISRA VISION AG / Key word(s): Miscellaneous
ISRA VISION AG: Atlas Copco publishes quarterly figures

2020-10-22 / 08:40
The issuer is solely responsible for the content of this announcement.

*Atlas Copco publishes quarterly figures *

Darmstadt, October 22, 2020: Atlas Copco is publishing its quarterly figures
today that contain the following information about ISRA VISION AG (ISIN: DE
0005488100):

"On February 10, it was announced that Atlas Copco will partner with the
global machine vision specialist ISRA VISION AG through a voluntary public
takeover offer.

All offer conditions were fulfilled during the second quarter.

The settlement of the offer was completed on June 24, 2020 and in connection
with that a payment of MSEK 9 028 (MEUR 860) was made to ISRA VISION
shareholders. Together with payments made for previous share purchases of
MEUR 150, Atlas Copco has paid MSEK 10 604 (MEUR 1 010) for 92.19% of ISRA
VISION. On August 3, it was announced that Atlas Copco has requested a
squeeze out of minority shareholders in ISRA VISION AG.

ISRA VISION specializes in machine vision solutions with leading
technologies for surface inspection and 3D vision for robot guidance,
quality inspection and 3D metrology operating through two business segments,
Industrial Automation and Surface Vision. The company has a global presence
with operations in over 25 locations and more than 800 employees and is
headquartered in Darmstadt, Germany. ISRA VISION will continue to operate
under the same brand with its headquarters in Darmstadt and be a part of the
Industrial Technique business area.

From the date of control, revenues were MSEK 420 and operating profit MSEK
10, corresponding to an operating margin of about 2%, including negative
purchase price allocation effects of MSEK 50.

A preliminary purchase price allocation is outlined below.

MSEK
Intangible assets 4 100
Property, plant and equipment 200
Other assets 1 700
Cash and cash equivalents 300
Interest-bearing liabilities and borrowings -500
Other liabilities and provisions -1 800
Net identifiable assets 4 000
Non-controlling interests -300
Goodwill 6 900
Total consideration 10 600

SEK / EUR 10.50 at date of acquisition."

*Company profile*

ISRA VISION AG, together with its subsidiaries, is worldwide leading in
surface inspection of web materials. Furthermore, it is one of the globally
leading providers of machine vision programs, specialising in the area of 3D
machine vision, in particular for "3D robot vision".

The core competence of the Company is the ISRA-BrainWARE(R), an innovative
software for intelligent machine vision systems. Here, the scientific
know-how from the fields of optics, lighting technology, surveying
technology, physics, image processing and classification algorithms and a
complex system design are combined. Machine vision is a key technology for
visualizing systems that imitate the human eye. Today's ISRA applications
focus primarily on the automation of production and quality assurance of
goods and products supplied to large, future-oriented markets such as
energy, healthcare, food, mobility and information. The customers mainly
include renowned global players from the respective sectors.

With more than 25 locations worldwide, ISRA offers customer proximity
everywhere and ensures optimum service and support.

Further information is available at www.isravision.com [1].

*Additional Information*

ISRA VISION AG
Industriestraße 14
64297 Darmstadt
Germany

Tel.: +49 (0) 6151 948 - 0
Fax: +49 (0) 6151 948 - 140
Internet: www.isravision.com

Investor Relations
E-Mail: investor@isravision.com

Melanie Böttcher
Tel.: +49 (0) 6151 948 - 209

Susanne Becht
Tel.: +49 (0) 6151 948 - 212

2020-10-22 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ISRA VISION AG
Industriestr. 14
64297 Darmstadt
Germany
Phone: +49 (0)6151 9 48-0
Fax: +49 (0)6151 9 48-140
E-mail: investor@isravision.com
Internet: www.isravision.com
ISIN: DE0005488100
WKN: 548810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 1142370

End of News DGAP News Service

1142370 2020-10-22


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a87930f961fe3c72fcb87882dd277999&application_id=1142370&site_id=vwd&application_name=news


(END) Dow Jones Newswires

October 22, 2020 02:40 ET ( 06:40 GMT)
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