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Jenoptik Acquires Prodomax Automation, Anticipates Sales Boost

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Jenoptik has agreed to acquire 100 percent of Canadian company Prodomax Automation for a consideration of slightly below double its expected sales. The contract has now been signed and completion is expected by the end of July. Prodomax, founded in 1971 and headquartered in Barrie, Ontario, employs about 180 staff and specializes in process automation for the automotive industry. With this acquisition, Jenoptik says it is strengthening its position as a full-service turnkey provider of complex automated manufacturing solutions. Jenoptik started along this path with the acquisition...Read full article

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