News › JENOPTIK • Suc­cess­ful acqui­si­tion of Tri­op­tics GmbH

Jen­op­tik has suc­cess­fully com­ple­ted acqui­si­tion of TRIOPTICS GmbH: Com­pany will be an addi­tio­nal key pil­lar of the Light & Optics Division

With the clo­sing on Sep­tem­ber 24, 2020 JENOPTIK AG (FSE: JEN / ISIN: DE000A2NB601) has suc­cess­fully com­ple­ted the acqui­si­tion of the first tran­che of 75 per­cent of the Ham­burg-based optics spe­cia­list TRIOPTICS, which had been anti­ci­pa­ted for the third quar­ter. All con­di­ti­ons pre­ce­dent rela­ting to the tran­sac­tion have been ful­fil­led and all necessary offi­cial appro­vals for the take­over have been obtai­ned. Jen­op­tik will take over the remai­ning 25 per­cent of shares from the owners after ful­fil­ling defi­ned suc­cess cri­te­ria on Decem­ber 31, 2021. It is plan­ned to estab­lish TRIOPTICS’s busi­ness wit­hin our Light & Optics Divi­sion as a fourth, new stra­te­gic busi­ness unit.
As already sta­ted the enter­prise value equa­tes to a com­bi­ned 2021e EV/EBITDA mul­ti­ple of 10.4. Both par­ties to the con­tract have agreed not to dis­c­lose details of the purchase price.

Ste­fan Tra­e­ger, Jen­op­tik Pre­si­dent & CEO: “Due to its high pro­fi­ta­bi­lity and strong free cash flow genera­tion, TRIOPTICS will con­tri­bute signi­fi­cantly to Jenoptik’s ear­nings already in the cur­rent fis­cal year with the initial con­so­li­da­tion star­ting on the day of clo­sing. Sub­stan­tial syn­er­gies are expec­ted not only from the expan­ded tech­no­lo­gi­cal know-how, but also from the expan­sion of lea­ding mar­ket posi­ti­ons and the inten­si­fied coope­ra­tion with important glo­bal Tier 1 com­pa­nies. The com­ple­men­tary port­fo­lios will allow to offer a broa­der range of mea­su­ring sys­tems, as well as pro­duc­tion faci­li­ties for sen­sor solu­ti­ons and opti­cal micro­com­pon­ents, which over the long term might be reflec­ted in eco­no­mies of scale and thus reve­nue syn­er­gies worth more than 50 mil­lion euros”.

Jen­op­tik will pro­vide fur­ther details regar­ding the finan­cial impact of the acqui­si­tion on net asset, finan­cial and ear­nings posi­tion of the Group with the repor­ting of the annual results 2020 in March, 2021.

About TRIOPTICS

TRIOPTICS is a lea­ding inter­na­tio­nal sup­plier of test equip­ment and manu­fac­tu­ring sys­tems for opti­cal com­pon­ents and sen­sors in the digi­tal world. The com­pany, based in Wedel near Ham­burg, has over 400 employees world­wide – of which around 100 in rese­arch and deve­lo­p­ment –, and in 2019 gene­ra­ted reve­nue of around 80 mil­lion euros, with an ope­ra­ting mar­gin before depre­cia­tion and amor­tiz­a­tion of around 27 per­cent. Since its foun­ding in 1991, TRIOPTICS has deve­lo­ped pro­prie­tary tech­no­logy for glo­bal cus­to­mers in attrac­tive growth mar­kets. The com­pany gene­ra­tes more than half of its reve­nue in Asia.

About JENOPTIK

Jen­op­tik is a glo­bally ope­ra­ting tech­no­logy group, which is active in the three pho­to­nics-based divi­si­ons Light & Optics, Light & Pro­duc­tion and Light & Safety as well as with VINCORION for mecha­tro­nics solu­ti­ons. Opti­cal tech­no­lo­gies are the very basis of our busi­ness with the majo­rity of our pro­ducts and ser­vices being pro­vi­ded to the pho­to­nics mar­ket. Our key tar­get mar­kets pri­ma­rily include the semi­con­duc­tor equip­ment indus­try, the medi­cal tech­no­logy, auto­mo­tive and mecha­ni­cal engi­nee­ring, traf­fic, avia­tion as well as the secu­rity and defense tech­no­logy indus­tries. Jen­op­tik is lis­ted on the Frank­furt Stock Exchange, has more than 4,100 employees and gene­ra­ted reve­nue of approx. 855 mil­lion euros in 2019.

If you have any fur­ther ques­ti­ons, please contact

JENOPTIK AG | Inves­tor Rela­ti­ons­T­ho­mas Fritsche
+49 3641 65–2291
moc.kitponej@ehcstirf.samoht

Sabine Bar­ne­kow
+49 3641 65–2156
moc.kitponej@wokenrab.enibas