Jenoptik Acquires TRIOPTICS
Jenoptik AG has announced the acquisition of 100% of the shares in TRIOPTICS GmbH. Both parties to the contract have agreed not to disclose details of the purchasing price.
The transaction will be made in two steps. First, Jenoptik will take over 75% of shares, and then it will take over the remaining shares after fulfilling defined success criteria by the end of 2021. The company plans to strengthen the technologically leading position of Jenoptik’s Light and Optics division. Depending on the date of first-time consolidation and without taking PPA effects into account, the company said, the transaction will have a positive impact on Jenoptik’s business development in 2020. The outlook for the current year, provided in May, did not include this acquisition.
The integration of TRIOPTICS, a leading supplier of equipment for the testing of optical components and sensors, bolsters the existing test equipment business in Jenoptik’s Light and Optics division, particularly in smartphone and camera manufacturing. TRIOPTICS has a strong presence in European and Asian markets with its own subsidiaries, and generates more than half its revenue in Asia. CEO Eugen Dumitrescu and CTO Stefan Krey will continue to work in their positions for TRIOPTICS under the Jenoptik umbrella.
The acquisition has been approved by the Jenoptik AG supervisory board and, as of July 2, 2020, still subject to approval by the German Bundeskartellamt. Closing is expected in the third quarter of 2020.
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