Jenoptik (Jena, Germany) has acquired 100% of the shares in Trioptics (Wedel, Germany), a supplier of test equipment and manufacturing systems for optical components and sensors. The transaction, which will strengthen Jenoptik's Light & Optics division, will be completed in two steps: first, the company will take over 75% of the shares, with the remaining shares to follow after fulfilling defined success criteria by the end of 2021.
Trioptics has over 400 employees worldwide, around 100 of which are in research and development. The company has a very strong presence in European and Asian markets with their own subsidiaries, and generates more than half of its revenue in Asia. Trioptics' CEO Eugen Dumitrescu and CTO Stefan Krey will continue to work in their positions for the company under the Jenoptik umbrella.
The two companies’ combined expertise in optics and industrial imaging will enable them to further expand their technological knowledge and gain market share in, for example, the growing markets for new virtual- and augmented-reality applications in both the industrial and consumer segments. In the automotive industry, the expanded portfolio for manufacturing precision optical components and systems offers considerable potential, particularly in view of the growing importance of driver assistance systems and new mobility concepts in the field of autonomous driving, for which improved image and data acquisition is essential.
With the strong presence and established access to key Trioptics customers in Asia, Jenoptik can expand its existing market shares in strategic markets such as China, Japan, and Korea. In addition, the Group is strengthening its position in California and Florida, and will be able to offer a greater range of products and services to major American customers in the digital and communication area. The acquisition will create significant economies of scale in the core markets, thus strengthening its business model.
Closing of the transaction is expected in the third quarter of 2020.
For more information, please visit jenoptik.com and trioptics.com.