OMRON agrees to buy industrial PC maker OnLogic for $675 million

The deal in short

On 13 October 2026 OMRON announced that it has agreed to buy Interlogic, Inc. and its group companies, including OnLogic, Inc. OMRON signed the agreement on 10 October 2026, Japan time. OnLogic published a press release about it the same day.

Source: OMRON's notice of 13 October 2026.

How the deal is built

It's a reverse triangular merger. OMRON sets up a US company in Delaware, and that company merges into Interlogic, which is the one that survives. Interlogic then becomes a wholly owned OMRON subsidiary, with OnLogic and the other subsidiaries below it. OMRON says it chose this because Interlogic has a lot of shareholders. The merger lets it take every share in one step instead of buying them from each holder.

To be clear, this is an agreement, not a finished purchase. Nothing changes hands until the deal closes.

Who OnLogic is

OnLogic designs, develops, manufactures and sells industrial computers. It was founded in 2003 and is based in South Burlington, Vermont. OMRON describes it as a maker of highly configurable, rugged industrial PCs, sold mainly through direct sales and build-to-order production, to customers in a wide range of industries. More than 90% of its sales are in the Americas and Europe.

OnLogic describes its computers as AI-capable and built for reliability at the IoT edge, made to order and delivered in days. It says it has helped more than 70,000 customers.

On size, OMRON's notice gives 301 employees at 7 locations, two of them manufacturing sites, as of March 2026. OnLogic says it has offices in the US, the Netherlands, Germany, Taiwan and Malaysia, and OMRON's notice also lists a UK company in the group.

The numbers

OMRON gives three years of figures for the Interlogic group as a whole. They are consolidated, in US dollars, prepared under US GAAP, for the years ending December.

Table: OMRON's notice. EBITDA is profit before interest, tax, depreciation and amortisation. OMRON shows adjusted EBITDA for reference: it takes out items found in due diligence that OMRON doesn't expect to recur after the deal.

Some arithmetic of my own, from those figures. Net sales fell about 6% in 2024 and then rose about 26% in 2025. The price is about 4.4 times 2025 net sales, about 30 times 2025 EBITDA and about 25 times 2025 adjusted EBITDA. I'm not saying whether that's cheap or expensive. Those are just the ratios.

Why OMRON wants it

OMRON says its Industrial Automation Business wants to grow from a maker of factory automation equipment into a company focused on digital transformation at the manufacturing site and on what it calls physical AI. It lists three things it wants to do with OnLogic:

• Combine OnLogic's industrial PCs with OMRON's own high-precision control technology, to speed up development of next-generation physical AI platforms.
• Sell more by cross-selling each other's products, using OnLogic's customer base in the Americas and Europe.
• Develop solutions together that combine OMRON's sensing and robotics equipment with OnLogic's PCs.

The press release adds the thinking behind it: manufacturers are using more data and AI-capable computing at the industrial edge, and that needs reliable computing power working alongside real-time automation and control. OMRON's CEO, Junta Tsujinaga, ties the deal to the company's SF2030 vision and its move toward what it calls GEMBA DX, and calls North America a key growth market. OnLogic's CEO, Sean Larkin, says joining OMRON brings global scale, supply-chain depth and capital to speed up OnLogic's product roadmaps.

Neither company defines "physical AI". My reading is AI that runs on the machine or the line itself rather than somewhere else, and that GEMBA DX is OMRON's name for digital transformation on the shop floor (gemba is Japanese for the place where the work happens). Those are my readings, not their definitions.

What stays the same

Here is what the two companies say will stay as it is:

• OnLogic continues as an independent business inside the OMRON group.
• It keeps the OnLogic brand and its direct-to-customer sales model.
• Its global headquarters stays in South Burlington, Vermont, along with its network of offices around the world.
• The current management team, led by CEO Sean Larkin, is expected to stay.
• OMRON says it remains committed to its established channel strategy and to supporting its partners.

OMRON adds that it will support OnLogic's growth with its business platform in Asia and its know-how in factory automation control equipment.

What I think

The logic is easy to see. More and more of what happens on a line needs a proper computer next to the PLC: vision, AI inspection, data collection, and sometimes the machine's own screen. OMRON already sells industrial PCs of its own. Its NY series puts Sysmac machine control and a Windows PC in one box, running side by side. What it doesn't have, as far as I can tell, is a business like OnLogic: build to order, sold direct, with a big customer base in the US and Europe.

I also notice that OMRON is leaving OnLogic alone. It keeps its brand, its sales model and its management. To me that says OMRON is buying customer relationships and a way of selling, not just a product line.

If you buy OnLogic PCs today, both companies say it stays an independent business with its brand and direct sales, and the deal isn't due to close until around January 2027. Nothing I've read mentions prices, lead times, product ranges or support. Here is what I'd watch:

• The close. It needs regulatory approval and other conditions to be met first, so the January 2027 date is a plan.
• The first joint product. "Next-generation physical AI platforms" is a direction, not a product. Neither document names one or gives a date.
• Openness. OnLogic sells PCs to customers who use many makes of controller. Neither company says whether that stays the same. I'd expect it to, since it's a big part of the business, but that's my expectation, not their statement.
• Direct and channel. OnLogic sells direct and OMRON sells through partners. OMRON says it's committed to its channel strategy, but not how the two will sit side by side.