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News Release from: Jenoptik
Edited by the Manufacturingtalk Editorial
Team on 25 July 2005
Jenoptik subsidiary continues
international growth
Jenoptik subsidiary, Hommelwerke, acquires new stake in the Czech and Slovak market for industrial production measurement technology.
Hommelwerke acquires new stake in the Czech and Slovak market for industrial production measurement technology By taking a minority shareholding in the Czech firm of EMS CZ
This article was originally published on Manufacturingtalk on 15 Jun 2007 at 8.00am (UK)
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Hommelwerke is strengthening its market presence in the Czech Republic and Slovakia.
With retroactive effect to 1 July 2005, Hommelwerke has held a 40% investment in the Czech firm EMS CZ whose head office is in Teplice.
EMS CZ has been one of Hommelwerke's key representative agents in Eastern Europe since 1998.
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The Czech company markets measurement equipment and machines which operate on the basis of contact (tactile) and contactless (optical) measurement technology.
EMS CZ supplies companies in the automotive and mechanical engineering industries in the Czech Republic and Slovakia via a branch distribution network.
In future the company will trade under the name of HOMMEL CS.
The HOMMEL CS after-sales and distribution network is to be expanded over the years ahead.
In addition to the 33% stake in the South Korean firm of Telstar in Autumn last year, Hommel CS the Jenoptik subsidiary is now represented through a direct investment in another major automotive industry location.
Hommelwerke has thus continued its international expansion.In recent years the Czech Republic and Slovakia have developed into one of the most important European locations for the automotive industry.
This can be clearly seen by the growth in vehicle production which, according to a market study by the Fraunhofer Institute for Production Technology and Automation (IPA), rose by 10% in the Czech Republic and 35% in Slovakia between 1997 and 2003.
Company portrait of Hommelwerke Hommelwerke specialises in the development, production and distribution of high precision contact and contactless-optical measurement technology for dimension, shape, contour and surface composition measurement.
Hommelwerke's clients include leading automobile manufacturers as well as suppliers to the automotive industry.
In addition to subsidiaries in France and China as well as investments in the USA, Korea and the Czech Republic, the company has representative agents in the 40 leading industrialised countries.
Hommelwerke, with registered offices in Villingen-Schwenningen and Jena, was founded in 1876 and since May 2000 has been a 100% owned subsidiary of JENOPTIK AG in Jena and part of its Photonics business division.
Sales of the Photonics business division rose from 280 million euros in 2003 to nearly EUR 360 million in fiscal year 2004; the business division's operating result, at EUR 34.5 million, reached a new record.
Around 2,600 employees work in the areas of lasers, high-performance optics, sensors and mechatronics.
Jenoptik develops, manufactures and sells photonic components, modules and system solutions, right through to complete facilities, enabling light to be used as an industrial tool.
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