Edmund Optics Acquires ITOS

Since January 1, 2018, Itos GmbH is a 100 % subsidiary of EO and functions as “Itos – A Division of Edmund Optics” (Source: Itos)

Edmund Optics (EO), leading supplier of optical components, announces the complete acquisition of Itos GmbH in Mainz. After realizing the first equity investment earlier in 2017, the acquisition was completed at January 1st, 2018. Itos GmbH is a 100% subsidiary of Edmund Optics Inc. since January 1, 2018, and functions as “Itos – A Division of Edmund Optics”.

Itos has been producing optical components since 1993, including filters and polarizers. With currently 22 employees and more than 700 customers, Itos is a successful company and for Edmund Optics the ideal complement to the existing product portfolio. Itos’ product range will be expanded in the future and increasingly integrated into Edmund Optics’ global sales activities. At the same time, this investment strengthens Edmund Optics’ presence in Europe and forms the basis for expanding a manufacturing base within the region to serve European customers even better.

“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 Inc. He adds that “Itos is a long-time partner with familiar business structures, a similar corporate culture and a solid product range.”

“Together, we will form the basis for a stronger presence in the German and European market and focus on further global growth,” says Itos’ managing director, Horst Grode. Itos will continue to provide its known and proven customer service, while the gradual integration into the Edmund Optics organization is pursued. (Source: Itos)

Links: Edmund Optics, Barrington, New Jersey, USA • ITOS GmbH, Mainz, Germany

Further reading: EO Announces Equity Investment in ITOS, photonicsvies.com, 3rd May 2017

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