CONFIRMED: Omron announced the agreement in a notice to the Tokyo Stock Exchange on 13 October 2026.
Japan’s Omron says it agreed on 10 October 2026 (Japan time) to acquire Interlogic, Inc. and its group companies, including OnLogic, Inc., a US company that designs, makes and sells industrial computers [1].
The deal
- Price: “USD 675 million (enterprise value on a debt-free cash-free basis; approximately JPY 104.6 billion at JPY 155 per USD)” [1]. Enterprise value is the price for the business as if it had no debt and no spare cash.
- Payment: “Cash (primarily funded by the Company’s cash on hand)” [1].
- Stake: 100%; Interlogic becomes a wholly owned subsidiary [1].
- Sellers: founders Lisa and Roeland Groeneveld, and 167 officer and employee shareholders [1].
- Timing: effective “In or around January 2027 (planned)”, subject to approvals from authorities and other conditions [1].
What is a reverse triangular merger?
Omron will set up a new US subsidiary in Delaware, which will merge into Interlogic, with Interlogic surviving and becoming Omron’s subsidiary [1].
In plain words: instead of buying shares one by one from every owner, the buyer creates a small shell company and merges it into the target. The target company stays in place, and all of its shareholders are paid out in one go. Omron says it chose this route because, with 167 officer and employee shareholders as well as the founders, it “enables the Company to acquire all outstanding shares of IL in a single transaction” [1].
About OnLogic
OnLogic, founded in 2003 and based in South Burlington, Vermont, makes “highly configurable, rugged industrial PCs”, sold mainly direct to customers and built to order. Omron says more than 90% of its sales come from the Americas and Europe. It had 301 employees as of 24 March 2026 [1].
For the year to December 2025, the Interlogic group reported net sales of USD 154.2 million and EBITDA of USD 22.6 million [1]. EBITDA is profit before interest, tax and accounting charges for wear and write-downs.
Why Omron wants it
Omron says its industrial automation business “aims to evolve from a factory automation (‘FA’) equipment manufacturer into a company focused on manufacturing-site digital transformation and physical AI” [1]. It plans to “Combine OL’s IPCs with the Company’s proprietary high-precision control technology to accelerate the development of next-generation physical AI platforms”, to cross-sell products, and to build joint solutions combining its sensing and robotics equipment with OnLogic’s computers [1].
Physical AI means AI that controls machines in the real world, such as robots and factory equipment.
OnLogic stays independent
“OL will continue to operate as an independent business within the Company’s group, retaining its direct-to-customer sales model and the ‘OnLogic’ brand,” Omron says. CEO Sean Larkin and the current management team are expected to stay [1].
Omron expects the impact on its results for the year to March 2027 to be “immaterial” [1].
Sources
- OMRON Corporation, “Notice Regarding Agreement to Acquire the OnLogic, a U.S. Developer, Manufacturer and Seller of Industrial PCs, and Its Parent Company, Interlogic, Inc.”, Tokyo Stock Exchange filing, 13 October 2026. https://fs2.magicalir.net/tdnet/2026/6645/20261009548915.pdf
