Renzenbrink & Partner advises JENOPTIK on the acquisition of TRIOPTICS
6 July 2020
JENOPTIK acquires 100 percent of the shares in TRIOPTICS GmbH. The transaction will be made in two steps. First, JENOPTIK will take over 75 percent of the shares, the remaining shares after fulfilling defined success criteria by the end of 2021. The company will strengthen the technologically leading position of JENOPTIK’s Light & Optics division. Both parties to the contract have agreed not to disclose details of the purchase price.
TRIOPTICS is a leading international supplier of test equipment and manufacturing systems for optical components and sensors in the digital world. The company, based in Wedel near Hamburg, has over 400 employees worldwide and in 2019 generated revenue of around 80 million euros. TRIOPTICS has a very strong presence in European and Asian markets with own subsidiaries. The company generates more than half of its revenue in Asia.
As a globally operating technology group, JENOPTIK is active in the three photonics-based divisions Light & Optics, Light & Production and Light & Safety as well as with VINCORION for mechatronics solutions. JENOPTIK’s key target markets primarily include the semiconductor equipment industry, the medical technology, automotive and mechanical engineering, traffic, aviation as well as the security and defense technology industries. JENOPTIK is listed on the Frankfurt Stock Exchange, has more than 4,100 employees and generated revenue of approx. 855 million euros in 2019.
Renzenbrink & Partner advised as lead counsel on the complex transaction as part of an integrated team with the JENOPTIK legal department and other domestic and international law firms. The team is lead by Dr Andreas Stoll (M&A) and includes Dr Ulf Renzenbrink (M&A), Marc Kotyrba (Tax) as well as associates Dr Alexander Haunschild and Martin Aisenbrey (both M&A).
JENOPTIK’s inhouse team involved in the transaction includes Dr Andreas Schäfer (General Counsel) and Dr Simone Graff-Hanse. The team was supported on local aspects of the transaction by the law firms Arqis (Japan), CMS Hasche Sigle (China), Yoon & Yang (Korea) and Formosan Brothers (Taiwan).