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News Release from: Jenoptik
Edited by the Manufacturingtalk Editorial
Team on 23 April 2004
Jenoptik to acquire Linos operations
Jenoptik Laser, Optik, Systeme and Linos have agreed that Jenoptik Laser, Optik, Systeme will acquire Linos's Giessen, Germany-based operations retroactively to January 1, 2004.
Jenoptik Laser, Optik, Systeme and Linos have agreed that Jenoptik Laser, Optik, Systeme will acquire Linos's Giessen, Germany-based operations retroactively to January 1, 2004 The 44-employee unit specializes in the production and distribution of optics components (plano, round and cylinder optics) as well as crystal (polarization) optics
This article was originally published on Manufacturingtalk on 18 Nov 2005 at 8.00am (UK)
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Annual sales of the unit amount to about 3 million euros.
The acquisition is subject to the approval of the Federal Cartel Authority.
The two companies have agreed not to announce the purchase price of the unit.
With the acquisition of the Linos site, Jenoptik Laser, Optik, Systeme will be able to expand its product range to include new optics components, previously not manufactured by the company.
This is particularly relevant in the field of cylinder lenses and crystal optics, which are used in optical measuring technology and in various laser applications.
Jenoptik Laser, Optik, Systeme will keep all 44 Giessen employees on board, and the site will remain operational, to be integrated into the Optics business unit of Jenoptik Laser, Optik, Systeme in the months to come.
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