Jenoptik said it would merge the company with its laser-machine business, enabling it to develop from a machine supplier to an integrated specialist for metal and plastic processing.
(Reporting by Georgina Prodhan; Editing by Tom Sims)
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5-day change | 1st Jan Change | ||
25.37 EUR | -0.12% | +0.96% | -10.83% |
04-24 | JENOPTIK AG : Hauck & Aufhauser gives a Buy rating | ZD |
04-23 | JENOPTIK AG : Deutsche Bank reiterates its Neutral rating | ZD |
FRANKFURT (Reuters) - German photonics group Jenoptik has bought U.S. process automation firm Five Lakes, a car industry specialist, for an undisclosed sum, it said on Tuesday.
Jenoptik said it would merge the company with its laser-machine business, enabling it to develop from a machine supplier to an integrated specialist for metal and plastic processing.
(Reporting by Georgina Prodhan; Editing by Tom Sims)
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