Adept Technology Completes Acquisition of CHAD Industries

San Jose, Calif. (Business Wire) - Adept Technology Inc., a manufacturer of flexible automation for the telecommunications, fiber optic, and semiconductor industries, announced October 9 that it has completed the acquisition of CHAD Industries, Inc., a design and manufacturing company specializing in precision assembly automation based in Orange, California.

10/19/2001


San Jose, Calif. (Business Wire) - Adept Technology Inc. , a manufacturer of flexible automation for the telecommunications, fiber optic, and semiconductor industries, announced October 9 that it has completed the acquisition of CHAD Industries, Inc., a design and manufacturing company specializing in precision assembly automation based in Orange, California. Under the terms of the merger agreement, a combination of equity and cash will be paid out over three years in exchange for all of the issued and outstanding shares of CHAD.

The acquisition of CHAD is the latest step in Adept's ongoing photonics automation strategy. CHAD's extensive experience developing and building standardized precision workcells based on Adept software, controls and robot systems was key in the acquisition decision. Adept plans to leverage CHAD's expertise in small part feeding, precision tooling design, and the handling of odd-form components to add capacity in photonics automation. CHAD's initial role within Adept will be to develop process module tooling for both Adept NanoStage precision positioning products and NanoCell automated process ready platforms. In addition, Adept plans to support and grow CHAD's line of odd-form component assembly machines.

Adept Technology designs, manufactures, and markets factory automation components and systems for the fiber optic, telecommunications, semiconductor, automotive, food, and durable goods industries throughout the world. Adept's robots, controllers, and software products are used for small parts assembly, material handling, and ultra precision process applications.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me