Edmund Optics invests in German optics company ITOS
In order to strengthen its presence in Germany and expand its global product offering, Edmund Optics has announced an equity investment in optics company ITOS GmbH for an undisclosed amount of money.
Based in in Mainz, Germany,ITOS-Gesellschaft für Technische Optik mbH has manufactured optical components, including filters, polarizers and display components since 1993 and will now operate as a subsidiary of Edmund Optics. ITOS has a workforce of about 20 employees, but more than 700 customers worldwide. The ITOS product offering will be expanded and added to Edmund Optics’ catalog, exposing them to a global audience, while the investment also strengthens the company’s presence in Europe.
"Edmund Optics' presence in Europe has grown significantly and Germany is our strongest market in the region," said Samuel Sadoulet, President of Edmund Optics Inc. "EO is committed to our European customers, and we seek strong partners to continue to service customers in the region and globally. With ITOS we found a great partner with great culture supporting this development."
Horst Grode, Managing Director of ITOS added: "We have known Edmund Optics for a long time and have successfully worked together for many years. The step now to partner is a win-win situation and we are looking forward to that new exciting combination." Horst Grode will remain Managing Director of ITOS GmbH.
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