ots Ad hoc-Service: Jenoptik AG <DE0006229107>
Jena (ots Ad hoc-Service) -
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Jenoptik subsidiary M+W Zander acquires50.86 percent of shares in Lang und Peitler Automation GmbH.
Through the acquisition of 50.86 percent of shares in Lang und Peitler Automation GmbH, considerable momentum has been added to the biotechno- logy and pharmaceutical units of M+W Zander, a subsidiary of the Jenoptik technology group. Lang und Peitler, which is based in Ludwigshafen/Rhine, is a leading provider of complete solutions in process and manufacturing automation for the chemical, pharmaceutical and biotechnology sectors.
Through this acquisition, M+W Zander is broadening its process expertise in these fields. M+W Zander will also be able to provide its customers with the complete value chain in the engineering and construction of new highly complex production facilities. This includes important process regulation and process control systems for the chemical and pharmaceutical industries. With the expansion of its engineering capacities in the pharmaceuticals and biotechnology sectors, M+W Zander is prepared for further growth there.
The two companies have already been working together intensively for a number of years - including major projects for which the M+W Zander subsidiary, Life Sciences Meissner+Wurst currently acts as general contractor. Pharmaceutical, biotechnology and chemical companies number prominently among the customers of Lang and Peitler. In 1999, Lang und Peitler's 250 employees worked towards sales of approximately 50 million DM. The company, which was founded in 1986, maintains eight sites in Germany, and is represented in Poland and the Czech Republic through its two subsidiaries.
Public Relations Jörg Hettmann Phone/Fax +49-3641-652255/ 2484
Investor Relations Steffen Schneider Phone/Fax +49-3641-65 2290 / 2157
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Original content of: Jenoptik AG, transmitted by news aktuell