Jenoptik Completes Acquisition of Prodomax Automation Ltd.

Jenoptik

 

August 30, 2018

With the closing on July 23, 2018 Jenoptik has completed the acquisition of 100 percent of the Canadian company Prodomax Automation Ltd. All conditions precedent for the transaction are fulfilled. As already announced Jenoptik pays a consideration of slightly below 2x expected sales, or around 7x 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 August 9, 2018.

https://www.jenoptik.com/

 

 

 

 

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