Barrington, NJ, and Mainz, Germany. Edmund Optics (EO) has announced an equity investment in ITOS GmbH in Mainz. ITOS 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, ITOS represents a successful and strategic addition to Edmund Optics’ manufacturing portfolio, the company said.
The ITOS product offering will be expanded and added to the Edmund Optics catalog, exposing the products 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 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 Inc. “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, managing director of ITOS, stated, “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.” Grode will remain managing director of ITOS GmbH.
Details of the agreement remain confidential.
