Jenoptik said it would merge the company with its laser-machine business, enabling it to develop from a machine supplier to an integrated specialist for metal and plastic processing.
(Reporting by Georgina Prodhan; Editing by Tom Sims)
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Mar. 28 | JENOPTIK AG : Warburg Research reaffirms its Buy rating | ZD |
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FRANKFURT (Reuters) - German photonics group Jenoptik has bought U.S. process automation firm Five Lakes, a car industry specialist, for an undisclosed sum, it said on Tuesday.
Jenoptik said it would merge the company with its laser-machine business, enabling it to develop from a machine supplier to an integrated specialist for metal and plastic processing.
(Reporting by Georgina Prodhan; Editing by Tom Sims)
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