Edition:
India

Jenoptik buys Prodomax Automation, raises sales guidance


Tuesday, 10 Jul 2018 

July 10 (Reuters) - Jenoptik AG ::DGAP-ADHOC: JENOPTIK AG: JENOPTIK ANNOUNCES ACQUISITION OF PRODOMAX AUTOMATION LTD. AND RAISES ITS 2018 REVENUE GUIDANCE..SAYS ANNOUNCES ACQUISITION OF PRODOMAX AUTOMATION LTD. AND RAISES ITS 2018 REVENUE GUIDANCE..SAYS HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100 PERCENT OF CANADIAN COMPANY PRODOMAX AUTOMATION LTD. FOR A CONSIDERATION OF SLIGHTLY BELOW 2X EXPECTED SALES, OR AROUND 7X EXPECTED 2018 EBITDA.SAYS CLOSING IS EXPECTED WITHIN NEXT FEW WEEKS.SAYS NOW SEES 2018 REVENUE OF JENOPTIK TO EXCEED CURRENT GUIDANCE FOR YEAR.SAYS EXPECTS GROUP REVENUE TO BE BETWEEN 805 AND 820 MILLION EUROS IN 2018 AGAINST ORIGINAL GUIDANCE RANGE OF 790 AND 810 MILLION. 

Company Quote

33.86
-0.24 -0.70%
31 Aug 2018