JENOPTIK AG

M&A Activity • Dec 17, 2003

News Details

Ad-hoc | 17 December 2003 15:45

Jenoptik Group expands its optics line to include plastics technology.

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Jenoptik Group expands its optics line to include plastics technology. JENOPTIK AG acquires all shares in Wahl Optoparts GmbH. The Jenoptik technology group has boosted the optics line of its Photonics business division, acquiring 100 percent of shares in Wahl Optoparts GmbH as of December 31, 2003. The company based in the German town of Triptis (Thuringia) specializes in the development, production and distribution of custom-made optical components, as well as plastic optomechanical and optoelectronic component assemblies. By acquiring Wahl Optoparts, the Jenoptik Group has entered into a new high- growth field of technology in the Photonics business division. The use of plastic optics in optical equipment and systems will figure prominently in the future of optical technologies. Wahl Optoparts is a European leader in plastic optics. The company manufactures its lenses, prisms, microlenses and its microstructured optical components through the use of injection molding. In only a short period of time, the middle-sized company with 174 employees has developed into one of the leading suppliers of plastic optics in Europe, reaching 19.5m euros in sales in 2002. Wahl Optoparts supplies renowned customers such as Roche Diagnostics, Sanmina- SCI, Logitech and Bosch, and is well positioned in the high-growth medical technology, life science and industrial sensor markets. By acquiring Wahl Optoparts, Jenoptik will be expanding its optics product range. Wahl Optoparts will benefit from the expertise offered by Jenoptik’s Photonics business division, including optical design, optical measuring technology and coating technology, as well as hot-stamping technology. The company’s plastics expertise will also offer further broad technological advantages for Jenoptik’s Photonics business division. Combining this with Jenoptik’s competence in the area of sensors will allow to address the automotive and life-science industries more intensively, while laser-driven plastics processing represents another field with strong cooperative potential. Contact: IR, Steffen Schneider, Phone/Fax +49(3641)-652290/2157; PR: Markus Wild, Phone/Fax +49(3641)-652255/2484; www.jenoptik.com end of ad-hoc-announcement (c)DGAP 17.12.2003 ——————————————————————————– WKN: 622910; ISIN: DE0006229107; Index: TecDAX, NEMAX 50 Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 171545 Dez 03