Trioptics will be absorbed into Jenoptik, who have agreed a two-stage deal to acquire Trioptics by the end of next year.
Trioptics, founded in 1991 by current CEO Eugen Dumitrescu, have headquarters just outside Hamburg, Germany. There are now more than 400 employees, including 100 in R&D, at sites across Europe, Asia, and the United States.
Trioptics’ strong sales have driven annual turnover to around €80m in 2019, which means Jenoptik will add around 10 per cent to annual revenues and workforce once the deal is completed.
Dumitrescu, who along with CTO Stefan Krey will remain with the company, said “Together with Jenoptik, we can better capitalise on the growth potential created by the next wave of digitisation, with its rapidly increasing demand for digital imaging, virtual reality, and connectivity. Thanks to the synergies that can be realised through the joint market presence, we will continue the dynamic growth of recent years”.