Jenoptik Completes Acquisition of Prodomax Automation Ltd.
JENA, Germany — With the closing on July 23, 2018 Jenoptik completed the acquisition of Canadian company Prodomax Automation Ltd.
All conditions precedent for the transaction are fulfilled. As already announced Jenoptik pays a consideration of slightly below two-times expected sales, or around seven-times expected 2018 EBITDA.
Further details regarding the financial impact of the acquisition will be discussed with the reporting of the first half-year results on Aug. 9.
As globally operating technology group, Jenoptik is active in the three segments: optics and life science, mobility, and defense and civil systems.
For more information, visit jenoptik.com.