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Germany's Jenoptik buys U.S. automation company Five Lakes
August 22, 2017 / 9:37 AM / 4 months ago

Germany's Jenoptik buys U.S. automation company Five Lakes

FRANKFURT (Reuters) - German photonics group Jenoptik has bought U.S. process automation firm Five Lakes, a car industry specialist, for an undisclosed sum, it said on Tuesday.

Jenoptik said it would merge the company with its laser-machine business, enabling it to develop from a machine supplier to an integrated specialist for metal and plastic processing.

Reporting by Georgina Prodhan; Editing by Tom Sims

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