Industry News: Jenoptik Merges Detroit Precision Hommel with Etamic
The purchase was the last step required to allow for the merger of Detroit Precision Hommel Inc. with the Etamic Corp. in Plymouth, MI, both now wholly owned by the Jenoptik Group. The merger creates a system supplier in industrial measuring technology for the North American market. The synergies of this transaction will provide many cost advantages from consolidation of infrastructure to the integration of the plants, sales, marketing and IT structures. The combining of the companies also will significantly expand the service capacities in North America.
These completed activities position Hommel-Etamic as an international industrial metrology supplier, allowing the group to manage programs throughout the world. In addition to Germany and the United States, the Jenoptik Group, which will operate globally as Hommel-Etamic in the future, has companies in France and Switzerland. Hommel-Etamic has approximately 580 employees with estimated sales of more than 80 million euros for 2007, including the new U.S. operations.