Mitutoyo Corporation acquires majority stake in TAG Optics
Following the establishment of a technology and product-centric alliance between Mitutoyo Corporation of Japan and TAG Optics Inc., Mitutoyo Corporation announces that it 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 the world’s fastest variable focusing lenses. Originally announced in February, 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 ground-breaking technology, which has the ability to be customized for the end user.
TAG Optics’ latest products will be on display at the Technology and Innovation Center in Mitutoyo America Corporation’s booth (E-5215) during the International Manufacturing & Technology Show (IMTS) at McCormick Place in Chicago, taking place September 12-17. Specifically, IMTS attendees will get the chance to experience a prototype TAG-Enabled Inspection Microscope based on Mitutoyo’s popular Video Microscope Unit (VMU), in addition to a high-speed Z-inspection system for part inspection and analysis.