The combination of both companies’ competence and expertise in the field of optical and industrial measurement technology will promote their technological leadership and market share, for example in attractive growth markets around virtual and augmented reality, automotive ADAS, and consumer optical devices.
This transaction will prepare TRIOPTICS for further significant growth and expansion of the technological lead. Eugen Dumitrescu commented: “Together with Jenoptik, we can better capitalize on the growth potential created by the next wave of digitization, with its rapidly increasing demand for digital imaging, virtual reality, and connectivity. Thanks to the synergies that can be realized through the joint market presence, we will continue the dynamic growth of recent years.”
The transaction will be stepwise. With this agreement, Jenoptik initially acquires 75% of TRIOPTICS shares. The remaining 25% will be acquired under certain conditions on 31 December 2021.