15. Juli 2020, 15:36 Uhr | Nicole Wörner
Jenoptik Technology Center Jena
Jenoptik has acquired all shares in Trioptics GmbH. The transaction will take place in two steps. Firstly Jenoptik will take over 75 % of the shares, the remaining shares after the fulfilment of defined success criteria by the end of 2021.
Subject to the approval of the cartel authorities the transaction is expected to be completed in the third quarter of 2020.
Trioptics is a provider of measurement and production systems for optical components and sensors and as such will in future strengthen the Jenoptik Light & Optics division. The managing directors Eugen Dumitrescu and Stefan Krey will continue to work for Trioptics in their previous functions under the umbrella of Jenoptik.
Trioptics, which was founded in 1991 and is headquartered in Wedel near Hamburg, employs over 400 people worldwide - around 100 of them in the Research & Development division - and generated sales of around 80 million euros in 2019. Over the last four years the company has recorded average annual sales growth of around 17%. Trioptics is present in European and Asian markets with its own locations. The company generates more than half of its revenues in Asia. It has good market access to many smartphone and camera manufacturers and their suppliers, among others, with whom the company generates a large part of its revenue.
Jenoptik hopes that the acquisition will enable it to better scale its existing test equipment business in the Light & Optics division. In addition, the acquisition is intended to strengthen Jenoptik's market position in the field of test solutions for optical sensor technology. The combination of the expertise of both companies in the fields of optics and industrial image processing is also expected to increase market shares in new virtual and augmented reality applications in the industrial and consumer segment.