Mitutoyo Corporation Acquires Majority Stake in TAG Optics
November 1, 2016
Following the establishment of a technology and product-centric alliance between Mitutoyo Corporation of Japan and TAG Optics Inc., Mitutoyo Corporation has closed the sale of an equity round in which it acquired a majority stake of TAG Optics' shares. TAG Optics is the developer of fast variable focusing lenses. The framework agreement between the two companies has, among other on-going joint technological projects, lead to the development of a new TAG Lens with the ability to be mass-produced by Mitutoyo.
This relationship further solidifies the partnership between the two companies and enables TAG Optics to contribute to Mitutoyo's business from a technological perspective, while continuing to enter new markets in biological, inspection, biometric and machine vision applications. The company plans to focus developmental efforts on creating a new line of imaging systems based on its groundbreaking technology, which has the ability to be customized for the end user.
For more information contact:
Mitutoyo America Corporation
965 Corporate Blvd.
Aurora, IL 60502
630-820-9666 / 888-648-8869
info@mitutoyo.com
www.mitutoyo.com
TAG Optics Inc.
P.O. Box 1572
Princeton, NJ 08542
609-356-2142
info@tagoptics.com
www.tagoptics.com
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