Jenoptik acquires Prodomax Automation Ltd.

Jenoptik has signed an agreement to acquire 100% of Canadian automation company Prodomax Automation Ltd. for a consideration of slightly below 2x expected sales, or around 7x expected 2018 EBITDA. The acquisition strengthens Jenoptik's process automation capabilities for the automotive industry.

“Jenoptik has entered into an agreement to acquire 100 percent of the Canadian company Prodomax Automation Ltd. for a consideration of slightly below 2x expected sales, or around 7x expected 2018 EBITDA.”jenoptik.com

• 2 sources
• jenoptik.comAdhoc: Jenoptik announces acquisition of Prodomax Automation Ltd. | JenoptikJul 10, 2018
• privateequityinternational.comKensington-owned Prodomax to be acquired by JenoptikKirk FalconerJul 11, 2018

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