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Jenoptik Acquires Traffic Monitoring Firm Vysionics

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JENA, Germany, Nov. 17, 2014 — The Jenoptik Group has acquired a 92 percent stake in road-safety technology firm Vysionics Ltd. of Frimley, England. The remaining shares continue to be held by the organization’s management team. The purchase price was not disclosed. Vysionics has 55 employees and is aiming for a revenue of around €20 million for 2014 (about $24.9 million). The company supplies systems for automatic number-plate recognition and section control, or speed enforcement over a defined section of road, such as construction zones. Jenoptik, with 3500 employees, generated sales of about...Read full article

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    Published: November 2014
    BusinessEuropeGermanyEnglandindustrialJenoptikvysionicstraffic monitoring

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