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News Release from: Jenoptik
Edited by the Manufacturingtalk Editorial
Team on 09 April 2007
Jenoptik US measurement shareholding
The Jenoptik Group has taken over the outstanding 75% of the US enterprise Detroit Precision Hommel, based in Rochester Hills near Detroit, and now owns 100% of the company.
Hommelwerke and Etamic, acquired in autumn 2006, are merging their worldwide activities under the auspices of the Jenoptik Group Concrete steps include a change of name to Hommel-Etamic in Germany and the complete takeover of the former minority shareholding in the USA
This article was originally published on Manufacturingtalk on 18 Nov 2005 at 8.00am (UK)
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With effect from April 2, the Jenoptik Group has taken over the outstanding 75% of the US enterprise Detroit Precision Hommel, based in Rochester Hills near Detroit, and now owns 100% of the company.
Detroit Precision Hommel manufactures production and assembly measuring technology for the automotive and automotive supplier industry and sells the Hommelwerke product range to numerous customers in the USA, Canada and Mexico.
It has 57 employees and, in 2006, generated sales of almost US$15 million.
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Back in 2002, Hommelwerke incorporated its US activities into the former Detroit Precision Tools Co and has held a 25% stake in the company since that time.
The remaining shares, which have now been acquired, were privately owned.
The parties have agreed not to disclose details of the purchase price.
The 100% takeover was part of the preparations for the merger of Detroit Precision Hommel with the Etamic Corporation, Plymouth, which is also based close to Detroit.
The merger creates a system supplier in industrial measuring technology for the North American market.
A range of synergies will be utilized, bringing cost advantages from consolidation of infrastructure and integration of sales, marketing and IT structures.
There is also a major opportunity to significantly expand the service business in North America.
However, the main benefit is that Hommel-Etamic's global market presence and size will make it better qualified to win major international projects.
In addition to Germany and the USA, the Jenoptik Group company, which will operate globally as Hommel-Etamic in the future, has companies in France and Switzerland.
Hommel-Etamic has a total of almost 580 employees and is planning a worldwide sales of more than EUR 80 million for 2007, including the now fully acquired US company.
The measuring technology specialist is also present in China and South Korea with shareholdings.
Overall, this will make industrial measurement technology one of Jenoptik's most international and highest-sales areas of business.
* About the Jenoptik Group and Hommel-Etamic - the Jenoptik technology group is a specialist in photonics and mechatronic technologies.
The Jenoptik Group has around 3,200 employees and its three divisions - Laser and Optics, Sensors and Mechatronics and the Holding company - achieved sales of EUR 485.1 million and an EBIT of EUR 38.2 million.
Hommel-Etamic is a company of Jenoptik Group and part of its Sensors division.
Hommel-Etamic is one of the leading manufacturers and system suppliers of high-precision contact and non-contact (production) measurement technology.
The company provides solutions for a variety of measuring tasks - testing of roughness, waviness, contours and shape, determination of dimensions and post-process or in-process measurements.
Our products are supplemented by a comprehensive range of services including consultancy, training and service, including long-term maintenance contracts.
The merger of Hommelwerke and the French measuring technology company Etamic SA to form Hommel-Etamic has created an expert global system supplier for industrial production measuring technology.
Hommel-Etamic can trace its origins back to the foundation of Hommelwerke in 1876 and Etamic in 1947.
A medium sized company operating globally, Hommel-Etamic has plants in Schwenningen, Jena, Ratingen, Bayeux/France and Peseux/Switzerland.
Around 580 employees at more than 15 sales and service locations in Germany and abroad advise customers on all issues relating to measurement technology.
Hommel-Etamic also has agents in the 40 most important industrial countries.
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