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Jenoptik acquires Essa Technology

TLT has advised Jenoptik, a global integrated photonics group, on its acquisition of Domestic and Commercial Security Ltd, a developer of automatic number plate recognition software.

Domestic and Commercial Security Ltd, which trades as Essa Technology, will be integrated into the mobility business of Jenoptik.
 
Jenoptik, listed on the Frankfurt Stock Exchange, employs 3,500 staff and works across three sectors: optics and life science, mobility and defence and civil systems. Its most recent UK acquisition was that of Surrey-based Vysionics, on which TLT advised private equity house LDC and its management in 2014.
 
The TLT team was led by corporate partner Andrew Webber, who said: "We're delighted to have worked with the wider Jenoptik team on this strategic acquisition, which builds on the successful transition and strong performance of the Vysionics business."


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