Jena and Wedel, July 2, 2020 - JENOPTIK AG (FSE: JEN / ISIN: DE000A2NB601) acquires 100 percent of the shares in TRIOPTICS GmbH. The enterprise value equates a combined 2021e EV/EBITDA multiple of 10.4. Both parties to the contract have agreed not to disclose details of the purchase price. The transaction will be made in two steps. First, Jenoptik will take over 75 percent of the shares, the remaining shares after fulfilling defined success criteria by the end of 2021. Depending on the date of first-time consolidation and without taking PPA effects into account, the transaction will have a positive impact on Jenoptik's business development in 2020. The outlook for the current year, provided by the company in May did not include this acquisition.

TRIOPTICS is a leading international supplier of test equipment and manufacturing systems for optical components and sensors in the digital world. The company, based in Wedel near Hamburg, has over 400 employees worldwide and in 2019 generated revenue of around 80 million euros, with an operating margin before depreciation of around 27 percent. Over the last four years, the company achieved on average annual growth (CAGR) of 17 percent. The company generates more than half of its revenue in Asia.

The acquisition was approved by the JENOPTIK AG Supervisory Board and is, however, still subject to approval by the German Bundeskartellamt. Closing is expected in the 3^rd quarter 2020.

The Executive Board