OMRON agrees to buy South Burlington’s OnLogic in a $675 million deal
Reverence, the whale-tail sculpture by Jim Sardonis along Interstate 89 in South Burlington, near OnLogic's headquarters. Photo: Niranjan Arminius, CC BY-SA 2.0, via Wikimedia Commons.
OMRON Corporation and OnLogic said Tuesday they have signed a definitive agreement for the Japanese industrial-automation company to acquire the South Burlington computer maker, with OnLogic’s headquarters, brand and management staying in Vermont.
The companies’ joint statement, dated Oct. 13 from Hoffman Estates, Illinois, and South Burlington, said OMRON will acquire 100 percent of OnLogic. The deal is expected to close in or around January 2027, subject to regulatory approval. After closing, OnLogic “will continue to operate as an independent business within the OMRON Group, maintaining its global headquarters in South Burlington, Vermont, alongside its full network of global offices, brand identity, and direct sales model.” CEO Sean Larkin and the current management team will remain in place, the statement said.
Vermont Business Magazine, citing an OMRON disclosure, reported the price as $675 million in enterprise value on a debt-free, cash-free basis. Seven Days also reported the $675 million figure. The magazine said OnLogic had $154.2 million in sales in fiscal 2025, up from $122.3 million in fiscal 2024, and listed 301 employees, including 160 in Vermont. Seven Days put the worldwide headcount at 300, including 160 in Vermont, and wrote that the local workforce, including manufacturing and research and development, will be maintained.
OnLogic spokesperson Darek Fanton told Seven Days that “our global headquarters, with all business functions including manufacturing and engineering operations, will remain right here in South Burlington.” The newspaper, citing an FAQ provided to the press, also reported a “thank you” bonus of $1,500 for each month an employee has worked at the company, so that a five-year employee would receive $90,000 and a 10-year employee $180,000, and that shareholding employees will get an equity payout.
Larkin said in the joint statement that joining OMRON “provides the global scale, supply chain depth, and capital resources to accelerate our product roadmaps while preserving our culture, direct sales approach, and operations around the world.” OMRON President and CEO Junta Tsujinaga called North America a key growth market and said OnLogic’s industrial computing work complements the company’s automation and control business.
The OMRON disclosure, as reported by Vermont Business Magazine, named founders Lisa and Roeland Groeneveld as the principal sellers, with 167 officer and employee shareholders. Seven Days described Roland and Lisa Groeneveld as a husband-and-wife team who started the company, first known as Logic Supply, from their kitchen table in 2003. OnLogic’s statement says the company, founded in 2003, also has offices in the Netherlands, Germany, Taiwan and Malaysia and has worked with more than 70,000 customers. The official “About” text with the announcement puts OMRON’s worldwide employment at 30,000; Seven Days reported 26,000.
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