Schott acquires majority share of Moritex

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Schott has acquired a majority interest of 70.8 per cent in the Moritex as a result of the tender offer bid that was submitted for Moritex Corporation on 25 September 2008.

Schott is an international manufacturer of fibre optic light and image guides. Moritex produces lighting systems based on LED and fibre optic technology, as well as optical imaging systems for industrial image processing in Japan.

Schott and Moritex both signed a letter of intent on strategic cooperation back in June 2007 and have been working together in the areas of sales, purchasing and research and development since then.

Schott has been addressing the Japanese market for over 40 years and currently generates 10 per cent of its sales there.