Adept Technology Inc. has acquired privately held CHAD Industries Inc., in exchange for a combination of equity and cash to be paid out over three years.
The acquisition is the latest step in Adept's ongoing photonics automation strategy. Adept will leverage CHAD's expertise in small-parts 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 NanoLine stage products and NanoCell automated process-ready platforms.
CHAD's experience developing standardized precision workcells based on Adept Technology components was key to the acquisition. The acquisition is still dependent on approvals and standard closing conditions.