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.

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