Feb. 10, 2020

Isra share rises massively, takeover by Atlas Copco is imminent

Isra Vision and the Swedish company Atlas Copco enter into a strategic partnership that is to end in the takeover of Isra by the Swedes. According to a press release, it represents the succession plan of the company's founder and CEO Enis Ersü. On the basis of this strategic partnership, Atlas Copco will make a voluntary public offer in the amount of EUR 50.00 in cash per ISRA share. The offer price corresponds to a premium of 29 percent on the volume-weighted average price of the last three months before the announcement and a premium of 43 percent on the closing price on February 7, 2020.

Enis Ersü and other members of the management and supervisory board of Isra, who together hold around 29 percent of the shares, have already signed irrevocable tender agreements. In total, Atlas Copco has secured around 35 percent of all outstanding Isra shares through irrevocable tender agreements and a share purchase agreement with an institutional investor. A delisting offer is to follow after the public offer has been completed.


Isra Vision AG
Industriestr. 14
64297 Darmstadt
Phone: +49 (0) 6151 948-0
Telefax: +49 (0) 6151 948-140

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