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Jenoptik acquisition boosts presence in India

Posted: 16 Jun 2014     Print Version  Bookmark and Share

Keywords:Jenoptik  joint venture  automotive industry 

Jenoptik has announced that it is increasing its shares in the HOMMEL-ETAMIC Metrology India Pvt Ltd joint venture in India from 51 to 100 per cent. Its previous joint venture with Francis Klein Ltd will be terminated. In the next few months, the company in Bangalore with 16 employees will be fully integrated into Jenoptik.

In future, the new Jenoptik company will be active in the Indian market as a subsidiary of the Jenoptik holding company in Asia and will be open to all divisions of the Group. To date, Jenoptik has been mainly present in India with its industrial metrology division and has oriented itself with its product range and service to the automotive industry and its suppliers in particular. "From our point of view, India also offers great potential in the markets of traffic safety, optical systems, and for civilian applications of our defence and civil systems division," said Jenoptik CEO Michael Mertin.

Jenoptik founded the joint venture in 2008. "The joint venture has laid the foundation for direct access to the market and customers in one of the most important growth regions. We would like to thank our partners at Francis Klein for the successful cooperation," said Mertin. The Indian company Francis Klein played a major role in developing the Indian market as the long-time distribution partner of the former Etamic Group, which Jenoptik acquired in 2006. "We are convinced that, with the new 100 per cent Jenoptik presence, we will also be able to react to market needs in India very flexibly and rapidly," Mertin added.

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