Edmund Optics Acquires ITOS
Edmund Optics announces the complete acquisition of ITOS GmbH in Mainz. The company will be a 100% subsidiary of Edmund Optics Inc. and will function as "ITOS - A Division of Edmund Optics".
The ITOS-Gesellschaft für Technische Optik mbH has been producing optical components since 1993, including filters and polarizers. With currently 24 employees and more than 700 customers, ITOS is a successful company and for Edmund Optics the ideal complement to the existing product portfolio. The product range of ITOS will be perspectively expanded and integrated into the global sales activities of Edmund Optics. 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. Sadoulet 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 Horst Grode, Managing Director of ITOS GmbH. ITOS will continue to provide its known and proven customer service, while the gradual integration into the Edmund Optics organization is pursued.