# 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.

- Type: Acquisition
- Announced: 2018-07-10
- Where: Barrie, Ontario, Canada
- Jobs: 180
- Status: announced
- Products: process automation for automotive industry
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Prodomax Automation](https://endata.com/companies/17666.md) (target)
- [Jenoptik](https://endata.com/companies/18821.md) (acquirer)
- [Kensington Capital Partners](https://endata.com/companies/18835.md) (investor)

## Sources

- [jenoptik.com](https://www.jenoptik.com/investors/news-and-adhoc-releases/2018/07/10/acquisition-prodomax-automation-ltd-and-rais-revenue-guidance-2018), 2018-07-10: "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."
- [privateequityinternational.com](https://www.privateequityinternational.com/kensington-owned-prodomax-automation-to-be-acquired-by-jenoptik/), 2018-07-11: "The combination of automation solutions and laser processing machines enables Jenoptik to tap into additional growth potential in advanced manufacturing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.