Metrology and photonics company, Jenoptik, has acquired 100 per cent of the shares of Otto Vision Technology and Ovitec, both specialising in optical inspection systems.
The purchase strengthens Jenoptik’s presence in production metrology and industrial image processing applications.
Both Otto Vision Technology and Ovitec have headquarters in Jena, Germany, also where Jenoptik is based. Together, Otto Vision Technology and Ovitec employ 32 personnel, with forecast revenue for the fiscal year 2018 of around €8 million.
Otto Vision Technology and Ovitec make optical inspection systems for quality assurance and process optimisation, as well as in complex imaging systems for applications in the field of part dimensioning, surface inspection and position detection. The main customers of the two companies come primarily from the automotive, stamping and glass industries, as well as from the machine and equipment engineering sector.
Along with adding inspection products and services, the acquisition opens up additional areas of application in the field of 2D and 3D metrology for Jenoptik. ‘With the acquisition of the two companies and our product range, we are taking a further step towards becoming an integrated provider for sophisticated measuring tasks and efficient production processes,’ said Stefan Traeger, president and CEO of Jenoptik.
Otto Vision Technology and Ovitec was founded by two brothers, Reinhard and Gunter Otto, who will continue to work as managing directors of the companies. ‘We are convinced that we can benefit not only from Jenoptik’s extensive know-how in production metrology but also from the Group’s financial strength and global presence, and substantially expand our international sales activities in the future,’ commented Reinhard Otto.