Jenoptik takes over Japanese subsidiary completely
Jenoptik takes over the outstanding 33.42 percent of the shares in Jenoptik Japan Co. Ltd. from its joint venture partner Kantum Ushikata. Jenoptik Japan thus becomes a wholly owned subsidiary of the Group. The parties have agreed not to disclose the purchase price. Jenoptik regards Japan as a strategically important market and intends to invest in particular in local sales in the future.
Jenoptik Japan, based in Yokohama, employs ten people and generates sales in the single-digit million euro range. The company was founded in 2005 as a joint venture between Kantum and Jenoptik and initially started as a sales company for diode lasers. Today the portfolio includes photonic components, systems and equipment from Jenoptik. In addition to diode lasers, this includes laser systems, optics and industrial measurement technology.
Jenoptik can look back on a very successful fiscal year 2019: According to preliminary calculations Group sales rose by 2.5 percent to around 855 million euros. This growth was driven among other things by high demand from the semiconductor equipment industry and the acquisitions made in 2018.