Optics

Edmund expands German presence; ITOS to operate as EO subsidiary

May 2, 2017

Edmund Optics announced an equity investment in ITOS, which will now operate as a subsidiary of EO.

Edmund Optics has made an equity investment in ITOS.

Optical components company Edmund Optics (EO; Barrington, NJ), has announced an equity investment in ITOS (Mainz, Germany). Some details of the agreement remain confidential. ITOS-Gesellschaft für Technische Optik GmbH has manufactured optical components including filters, polarizers, 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, Edmund Optics says that ITOS represents a successful and strategic addition to EO's manufacturing portfolio. The ITOS product offering will be expanded and added to the Edmund Optics catalog, exposing them to a much wider market globally. At the same time, the investment strengthens Edmund Optics' presence in Europe and sets a starting point for offering manufacturing capabilities within the region.

"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 committed 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."

Horst Grode, who will remain managing director of ITOS, says, "We have known Edmund Optics for a long time and have successfully worked together for many years. The step now to partner is a win-win situation and we are looking forward to that new exciting combination."

SOURCE: Edmund Optics; https://www.edmundoptics.com/

About the Author

Gail Overton | Senior Editor (2004-2020)

Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.