Kensington-owned Prodomax to be acquired by Jenoptik
Germany's Jenoptik AG has agreed to acquire Prodomax Automation Ltd, a Barrie, Ontario-based specialized engineering company that designs and builds flexible automation systems for the automotive industry. Terms weren't disclosed for the deal, which is expected to close in the next few weeks. Jenoptik, an operating technology group, said the acquisition will help it tap into new opportunities in advanced manufacturing. The private equity group of Kensington Capital Partners acquired Prodomax in 2015, partnering with management to support growth and facilitate an ownership transition. BDC Capital's growth equity group invested in the same year.
11 July 2018•4 mins read
