© mikael damkier Business | November 17, 2014

Jenoptik acquires Vysionics

Jenoptik has bought 92 percent of the shares in Vysionics, a UK/based supplier of road safety technology systems. The acquisition is a part of Jenoptik#s strategy to invest specifically in global growth markets.
The Jenoptik Group has acquired 92 percent of UK company Vysionics Ltd. The remaining shares continue to be held by the organization’s management team. The transaction between Jenoptik and Vysionic’s main shareholder LDC was completed on November 14, 2014. Both parties agreed to keep the purchase price confidential.

The UK company, which is based in Frimley, Surrey, southwest of London, currently has a workforce of 55 employees and is aiming for a revenue of around EUR 20 million for 2014. Vysionics is a supplier of “section control” technology (average speed enforcement over a defined section of road), another core competence of the company is ANPR (Automatic Number Plate Recognition.

According to Jenoptik´s President & CEO Michael Mertin: “Vysionics is an important and profitable company in the field of road traffic safety technology in the UK. This acquisition outside the Euro-zone is an important step in our growth process and in our medium- and long-term planning. As one of the leading companies for traffic law enforcement, not only do we gain access to the important UK growth market by acquiring Vysionics, but we also complement our innovative product portfolio; the latest technologies of ANPR and ‘section control’ are important future-oriented solutions to improve traffic safety on roads worldwide. These technologies significantly strengthen the position of Jenoptik in global road traffic safety projects.”

Kevin Chevis, CEO of Vysionics states: “Integration within the Jenoptik Group offers enormous potential for our company and our employees. Our product portfolios ideally complement each other. With the global presence, financial strength and excellent reputation of Jenoptik, we are better able to expand internationally. Furthermore, we share with Jenoptik the same understanding of quality and customer satisfaction.”


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
April 17 2018 7:38 pm V9.3.2-2