Edmund Optics (Barrington, NJ) has completed its acquisition of ITOS (Mainz, Germany), in which it had first invested in 2017. The new subsidiary will be known as ITOS - A Division of Edmund Optics.
ITOS-Gesellschaft für Technische Optik has 24 employees and more than 700 customers, and has been producing optical components since 1993, including filters and polarizers. "Together, we will form the basis for a stronger presence in the German and European market and focus on further global growth," says Horst Grode, Managing Director of ITOS.
"Europe is one of Edmund Optics' most important markets and experience shows that it is important to have a manufacturing base in the region to be able to react more flexibly to the demands of the market," says Samuel Sadoulet, President and COO of Edmund Optics. "ITOS is a long-time partner with familiar business structures, a similar corporate culture, and a solid product range."
Source: ITOS