please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . february 2016 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . july 2016 learn how and when to remove this template message orbotech ltd. the orbotech logo type public nasdaq orbk industry electronics founded 1981 ; 35 years ago 1981 founder dr. shlomo barak headquarters yavne israel key people yochai richter chairman asher levy ceo revenue us 752.5 million 2015 operating income us 48.15 million 2014 net income us 35.38 million 2014 number of employees 2 300 2015 divisions printed circuit boards flat panel displays semiconductor devices subsidiaries orbograph ltd. orbotech lt solar llc frontline pcb solutions ltd. spts technologies website www.orbotech.com orbotech ltd. is a global technology company used in the manufacturing of consumer and industrial products throughout the electronics and adjacent industries . the company is a provider of yield enhancement and production solutions for electronics reading writing and connecting used by manufacturers of printed circuit boards flat panel displays advanced packaging micro electro mechanical systems and other electronic components . the company is headquartered in yavne israel and operates in north america europe japan and asia pacific . 1 contents 1 corporate history 1.1 early years 1.2 merger of optrotech and orbot 1.3 growth by diversification and acquisitions 1.3.1 entry into the flat panel displays market 1.4 2000 s 2 see also 3 references 4 external links corporate history edit early years edit orbotech was founded in 1981 by a team of engineers at electro optical industry ltd. el op led by shlomo barak who was developing electro optical systems for military use but saw commercial use for them as well . the company received financial backing from uzia galil of elron electronic industries an israeli holding company . after 18 months of development optrotech was first to market with its first generation automated optical inspection product although a number of other companies also had been working on their own automated inspection systems . 2 as the first to market optrotech was able to become the market leader in its field helping transform the printed circuit board industry enabling companies to begin the first of a series of productivity improvements . the faster production times and greater volumes helped drive costs down and the steadily dropping prices of printed circuit boards provided still further stimulation for the development of the global electronics and computer industries . 2 in 1983 a fellow israeli company orbot was founded by brothers yochai and kobi richter 3 shimon ullman zvi lapidot and ami caspi ; with the financial backing of ormat industries . 4 orbot successfully launched competing automated optical inspection solutions and by 1986 overtook optrotech as the aoi market leader . in 1984 optrotech had an initial public offering on nasdaq raising 10 million usd . the funds raised enabled optrotech to develop the next generation of its automated optical inspection technology and launched an effort to diversify its market beginning development of its first cad cam system . 5 merger of optrotech and orbot edit in 1991 due to a slowdown in the global aoi market optrotech and orbot started discussing a merge of their complementary operations . in august 1992 optrotech and orbot reached a merger agreement in which orbot absorbed optrotech excluding its semiconductor subsidiary orbot instruments which was later sold to applied materials . the resulting business was then renamed orbotech and managed to capture 70 percent of the aoi market . 6 growth by diversification and acquisitions edit in 1995 orbotech adapted its technology to provide automatic check processing solutions for financial institutions launching a new subsidiary orbograph ltd. 7 in 1996 orbotech established a joint venture with germany s jenoptik ag to develop a laser based direct imaging system for the production of pcb prototypes . the partnership came under full ownership of orbotech in 2000 . 8 in 1997 orbotech acquired the aoi business of germany s w. schuh gmbh a company that specialized in the production of assembled printed circuit board inspection equipment . in 1998 orbotech boosted its presence in japan by acquiring toyo ink manufacturing s pcb sales and marketing operations as well as toyo s computer aided manufacturing cam product line which was developed by its israeli subsidiary eit . 9 in 1998 orbotech entered into an agreement with valor computerized systems ltd. which is now part of mentor graphics to form frontline pcb solutions a joint venture that develops cam software for pcb fabrication . frontline pcb solutions is owned equally by orbotech and mentor graphics . 10 entry into the flat panel displays market edit during the 1990 s orbotech started developing a new automatic inception product line to support the new fast growing market of liquid crystal display lcd flat panel displays . in 1999 orbotect acquired japan s kla acrotec from the kla tencor corporation which enabled the company to develop a leading position in the lcd inception market . 11 2000 s edit in 2001 orbotech established its own venture capital arm orbotech technology ventures ltd. in order to invest in technology start ups . 12 in 2004 as part of the company s strategy of diversifying into new growth areas for imaging technologies orbotech established a new subsidiary orbotech medical solutions ltd. to focus on the medical market . in 2005 orbotech medical acquired imarad a privately held israeli company that developed a technology to manufacture high performance solid state cadmium zinc telluride gamma radiation detectors for 7.0 million ; and in 2007 orbotech medical acquired 3d danish diagnostic development a s a privately held danish company engaged in the development manufacture and sale of gamma cameras for use in nuclear cardiac imaging for approximately 41.0 million . in october 2010 orbotech entered into an agreement with general electric in which it sold orbotech medical solutions to a subsidiary of ge ge medical systems israel ltd. formerly elscint ltd. . 13 in 2009 orbotech s assembly automated optical inspection aoi division which had been started in 1997 by the acquisition of schuh gmbh was spun off into a separate company orpro vision gmbh . 14 the company sells self contained machines for production line inspection in the automotive electronics telecommunication aerospace medical and industrial electronics industries . in september 2011 orbotech s subsidiary orbograph diversified into healthcare revenue cycle management through the acquisition of correct claims now a company providing healthcare payments processing services . 15 in july 2014 orbotech acquired british company spts technologies a manufacturer of equipment used to produce micro electromechanical systems mems and semiconductor devices for total consideration of 371 million . 16 see also edit automated optical inspection elron electronic industries ormat industries silicon wadi references edit 1 a b gale directory of company histories orbotech ltd the gale group archived from the original on august 20 2011 richter family increases orbotech stake globes 14 sep 2009 ormat technologies inc ora people reuters.com israel s financial opportunities profile of orbotech ltd allbusiness optrotech agrees to merge with orbot pr newswire august 17 1992 orbograph check processing solutions orbotech establishes joint venture to develop direct imaging technology business wire april 30 1996 orbotech announces signature of agreement with toyo ink and eit business wire july 28 1998 frontline pcb solution about us orbotech to acquire kla acrotec electronic news feb 15 1999 israel venture capital journal ; jun july 2001 no. 1 vol 3 ge healthcare to acquire orbotech medical solutions business orprovision about us 2 accessed oct 21 2012 orbograph diversifies into healthcare revenue cycle management through acquisition of correct claims now assets . prnewswire . sep 27 2011 . orbotech announces closing of the acquisition of spts technologies business wire august 7 2014 external links edit orbotech official website orbograph official website frontline pcb solutions official website v t e israeli companies traded on nasdaq healthcare alcobra biolinerx biondvax pharmaceutical compugen enzymotec given imaging kamada mazor robotics medigus oramed pharmaceuticals perrigo company pluristem therapeutics rewalk robotics rosetta genomics syneron medical communication & networks allot communications alvarion audiocodes b communications ceragon networks dsp group ezchip semiconductor gilat satellite networks internet gold golden lines orckit communications partner communications company radcom radvision rit technologies rr media software attunity bluephoenix solutions b.o.s. better online solutions check point software technologies clicksoftware technologies commtouch software cimatron cyberark formula systems 1985 jacada magic software enterprises mind c.t.i. nice systems perion network radware sapiens international corporation n.v. verint systems wix electronics camtek ceva eltek kornit digital mellanox technologies nova measuring instruments orbotech solaredge tower semiconductor security & defense arotech elbit systems ituran location and control magal security systems pointer telocation rada electronic industries tat technologies consumer goods caesarstone sdot yam sodastream international conglomerates ampal american israel corporation elbit imaging isramco this company is american based but is traded on the tase as a result of a merger with israeli drug maker agis . retrieved from https en.wikipedia.org w index.php title orbotech & oldid 740723766 categories electronics companies of israelsemiconductor companies of israelcompanies listed on nasdaqyavnehidden categories articles needing additional references from february 2016all articles needing additional referencesarticles with a promotional tone from july 2016all articles with a promotional tonepages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 22 september 2016 at 21 42 . text is available under the creative commons attribution sharealike license ; 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