Edmund Optics expands European presence with stake in Itos
Edmund Optics has anounced an equity investment in Itos, a supplier of optical filters and component based in Mainz, Germany.
Itos-Gesellschaft für Technische Optik has manufactured optical components, including filters, polarisers and display components since 1993 and will now operate as a subsidiary of Edmund Optics. With a current workforce of about 20 employees and more than 700 customers, Itos represents a strategic addition to Edmund Optics' manufacturing portfolio. The investment strengthens Edmund Optics' presence in Europe and sets a starting point for offering manufacturing capabilities within the region underlining Edmund Optics' commitment to European customers.
'Edmund Optics' presence in Europe has grown significantly and Germany is our strongest market in the region,' said Samuel Sadoulet, president of Edmund Optics. 'EO is commited 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.'
Further details of the agreement were not disclosed.