Jenoptik

Jenoptik's Light & Production division has won a major order from Gestamp to design, manufacture and integrate three automated production lines for electric vehicle body parts. The lines will use different welding and laser cutting technology.

Jenoptik's Light & Production division has won a major order from automotive supplier Gestamp to design and manufacture three automated production cells for body components of electric vehicles. The cells will be installed at a Gestamp plant in Germany.

Jenoptik has signed a contract to acquire 100% of Spanish company INTEROB, based in Valladolid, Spain, which specializes in custom automation solutions and robotics for the automotive industry. The purchase price is less than twice the 2019 revenue.

Jenoptik signed a long-term agreement to develop and produce a microscopy imaging instrument with a leading life science company, based on the SYIONS technology platform. The scope of the agreement is anticipated to exceed 30 million euros over the coming years.

Prodomax Automation, a member of the Jenoptik Group, won two orders in North America totaling over EUR 12 million. One order is from a major Tier 1 automotive client for assembly lines in the southern US; the other is for a GM program assembly project to be delivered in mid-2019.

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.