DGAP-Adhoc: JENOPTIK AG: Jenoptik accelerates profitable growth with acquisition of TRIOPTICS
DGAP-Ad-hoc: JENOPTIK AG / Key word(s): Takeover Jena and Wedel, July 2, 2020 - JENOPTIK AG (FSE: JEN / ISIN: DE000A2NB601) acquires 100 percent of the shares in TRIOPTICS GmbH. The enterprise value equates a combined 2021e EV/EBITDA multiple of 10.4. Both parties to the contract have agreed not to disclose details of the purchase price. 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. Depending on the date of first-time consolidation and without taking PPA effects into account, the transaction will have a positive impact on Jenoptik's business development in 2020. The outlook for the current year, provided by the company in May did not include this acquisition. 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, with an operating margin before depreciation of around 27 percent. Over the last four years, the company achieved on average annual growth (CAGR) of 17 percent. The company generates more than half of its revenue in Asia. The acquisition was approved by the JENOPTIK AG Supervisory Board and is, however, still subject to approval by the German Bundeskartellamt. Closing is expected in the 3rd quarter 2020. Contact: Thomas Fritsche Head Investor Relations Phone 03641-652291 Information and Explanation of the Issuer to this News: Conference call for capital market JENOPTIK AG will hold a conference call, with analysts and investors including a webcast (English only), on July 2, 2020 at 5:00 pm (CEST) to inform about details of the transaction. To participate in the conference call, please dial +49 30 - 232 531 173. You can also follow the webcast live at https://webcast.meetyoo.de/index.html?e=dSdMzhljn7DX. For a replay of the conference call please dial +49 30 - 868 757 360 with the conference ID 327175.
02-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | JENOPTIK AG |
Carl-Zeiss-Straße 1 | |
07743 Jena | |
Germany | |
Phone: | +49 (0)364 165-2156 |
Fax: | +49 (0)364 165-2804 |
E-mail: | [email protected] |
Internet: | www.jenoptik.com |
ISIN: | DE000A2NB601 |
WKN: | A2NB60 |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1084825 |
End of Announcement | DGAP News Service |
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1084825 02-Jul-2020 CET/CEST
Jenoptik AG Aktie
Jenoptik AG sticht etwas positiv hervor mit 4 Buy- und 0 Sell-Einschätzungen.
Ein Kursziel von 34 € für Jenoptik AG würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 26.94 € bedeuten.