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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25.12 EUR | +2.78% | -0.40% | -11.67% |
Apr. 23 | JENOPTIK AG : Deutsche Bank reiterates its Neutral rating | ZD |
Apr. 22 | JENOPTIK AG : Berenberg maintains a Buy rating | ZD |
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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