Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
675
US$ millions (enterprise value basis)Wording
Conditional
How definitive the wording is.This transaction
The acquisitionCounterpartyRoeland Groeneveld (founder), Lisa Groeneveld (founder), 167 officer and employee shareholders
Disclosing companyOMRON Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
A holding company that holds shares in subsidiaries including OL, Design, development, manufacture and sale of industrial computers
Location South Burlington, Vermont, USAShare capital US$3.966 million (as of 31 December 2025)Date of incorporation 2010 (Interlogic, Inc.) / 2003 (OnLogic, Inc.)
Net SalesUS$154.2 million (fiscal year ended 31 December 2025)
Net assetsUS$70.1 million (fiscal year ended 31 December 2025)
Consideration and expenses
Acquisition priceUS$675 million (enterprise value basis; approximately ¥104.6 billion at ¥155 to the dollar)
Type of ConsiderationCash, primarily funded from available cash on hand
Funding arrangementsCash, primarily funded from available cash on hand
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
Procedures and assumptions
Conditions Precedent to ExecutionThe necessary approvals and other authorisations are obtained from the relevant authorities, and the other conditions precedent specified in the definitive agreement are satisfied.
Management structure after acquisitionOL will be operated as an independent business within the OMRON Group, while maintaining its direct-sales model for customers and the "OnLogic" brand. The existing management team, including current CEO Sean Larkin, is expected to continue overseeing the business. Employee treatment: not disclosed.
| Item | Details |
|---|---|
| Transaction name | The acquisition |
| Counterparty name | Roeland Groeneveld (founder), Lisa Groeneveld (founder), 167 officer and employee shareholders |
| Name of the Subject Company | Interlogic, Inc., OnLogic, Inc. |
| Business Description of the Subject Company | A holding company that holds shares in subsidiaries including OL, Design, development, manufacture and sale of industrial computers |
| Location of the Subject Company | South Burlington, Vermont, USA |
| Capital Stock of the Subject Company | US$3.966 million (as of 31 December 2025) |
| Date of Establishment of the Subject Company | 2010 (Interlogic, Inc.) / 2003 (OnLogic, Inc.) |
| Net Sales of the Subject Company | US$154.2 million (fiscal year ended 31 December 2025) |
| Net Assets of the Subject Company | US$70.1 million (fiscal year ended 31 December 2025) |
| Acquisition price | US$675 million (enterprise value basis; approximately ¥104.6 billion at ¥155 to the dollar) |
| Type of Consideration | Cash, primarily funded from available cash on hand |
| Voting rights ownership percentage | After 100% (before not disclosed) |
| Funding arrangements | Cash, primarily funded from available cash on hand |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor. |
| Date of board resolution | 10 October 2026, Japan time |
| Contract Date | 10 October 2026, Japan time |
| Execution Date / Effective Date | Around January 2027 (scheduled) |
| Conditions Precedent to Execution | The necessary approvals and other authorisations are obtained from the relevant authorities, and the other conditions precedent specified in the definitive agreement are satisfied. |
| Management structure after acquisition | OL will be operated as an independent business within the OMRON Group, while maintaining its direct-sales model for customers and the "OnLogic" brand. The existing management team, including current CEO Sean Larkin, is expected to continue overseeing the business. Employee treatment: not disclosed. |
Items this document does not state (13)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company plans to enhance corporate value over the medium to long term by accelerating development of a physical AI platform combining OnLogic's industrial PCs with OMRON's high-precision control technology, pursuing cross-selling by leveraging OnLogic's customer base in the Americas and Europe, and developing solutions that combine sensing and robotics equipment with industrial PCs.
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