Case study

JENOPTIK AG has acquired Prodomax Automation Ltd. from Kensington Capital Partners Ltd.

JENOPTIK AG has acquired the Canadian company Prodomax Automation Ltd. from Kensington Capital Partners for a consideration of slightly below 2x expected sales, or around 7x expected 2018 EBITDA.

JENOPTIK operates in the optics and life sciences, mobility, and defense & civil systems segments. The company’s automotive unit is a major manufacturer of production metrology and 3D laser systems. The laser systems are integrated into customer production lines as part of their process optimization and automation. They machine plastics, metals and leather with maximum efficiency, precision and safety. The group has 3,700 employees and generated revenues of US$880 million in 2017.

Prodomax, founded in 1971 and headquartered in Ontario, Canada, employs approximately 180 people and is specialized in process automation for the automotive industry. The firm plans and designs automated production lines and further integrates them into the customer’s manufacturing environment. The services and products around process engineering and implementation include system layout, simulation, hardware controls and software design, robotic handling systems and transfer devices. Prodomax has the capacity and the strong customer base to pursue large projects with leading OEMs.

Kensington Capital Partners is an independent Canadian investor in alternative assets in North America. Founded in 1996, the firm manages over US$1.3 billion invested in private equity, venture capital and alternative funds. Kensington Capital Partners follows an active management and a relationship-based approach.

Oaklins' industry specialist teams in Germany, the USA and Canada identified potential targets and advised JENOPTIK throughout this transaction.

Tombstone image for JENOPTIK AG has acquired Prodomax Automation Ltd. from Kensington Capital Partners Ltd.

Key deal contacts

Dr. Hans Bethge


Managing Partner

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Sebastien Nadeau


Managing Partner

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