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Adept Completes Sale of Silma Cimstation Inspection Assets

Photonics.com
May 2002
SAN JOSE, Calif., May 13 -- Adept Technology Inc., manufacturer of flexible automation for the telecommunications, fiber optic and semiconductor industries, said it has completed the sale of certain assets related to the Cimstation Inspection portion of its Silma business to a wholly owned subsidiary of Metrologic Group SA. The assets were sold for $2 million cash, payable at closing, and additional contingent consideration based on an earn-out and potential price adjustment over the next twelve months.

Adept has retained, and will continue to develop, market and utilize the products and intellectual property of the Silma business that apply to precision parts assembly and facilitate designing for automation, Adept Digital Workcell and Production Pilot.



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