11/25/2025

Notice Regarding Acquisition of Shares in ATEXOR OY of Finland by Our Consolidated Subsidiary

Strengthening the Lighting Product Portfolio for Hazardous Areas and Expanding Business in the European Market

OPTEX Co., Ltd. (Head Office: Otsu, Shiga, Japan; President & CEO: Kazuo Ikeda; hereinafter “OPTEX”) announces that its consolidated subsidiary Raytec Ltd. (Head Office: Ashington, UK; Managing Director: David Lambert; hereinafter “Raytec”) has acquired 100% of the issued shares of ATEXOR OY (Head Office: Espoo, Finland; Managing Director: Jukka Viitasalo; hereinafter “ATEXOR”) as of November 21, 2025, making ATEXOR a wholly owned subsidiary.

1. Purpose of the Share Acquisition

ATEXOR is a Finland-based manufacturer specializing in explosion protected and professional lighting solutions, providing safe illumination for hazardous areas such as oil & gas, chemical, pharmaceutical and defence industries. The company develops and manufactures high-quality portable and fixed LED lighting, including the SLAM® and MICA® series, compliant with international certifications (ATEX, IECEx, UKEX). Backed by over 40 years of expertise and flexible custom design capabilities, ATEXOR delivers reliability and safety in the most demanding environments.

OPTEX, since its founding, has been committed to contributing to a safe, secure and comfortable society by providing sensor-based solutions across a wide range of fields, including intrusion detection, vehicle detection, access control, automatic doors, image enhancement and water quality measurement, all built on its proprietary sensing technologies. Raytec, an OPTEX Group company, is a specialist manufacturer of LED lighting, offering innovative solutions such as infrared lighting for security surveillance, lighting for industrial facilities and ATEX-certified lighting for hazardous areas. By combining Raytec’s advanced LED technology with OPTEX’s sensing expertise, we have delivered solutions that provide both safety and efficiency to the global market, contributing to the realization of a smarter and safer society. With Raytec’s acquisition of ATEXOR, we will further strengthen initiatives to leverage the synergy between the two companies and pursue the following objectives.

  • Broaden the range of lighting options for hazardous areas to meet diverse on-site needs
  • Strengthen market access and create cross-selling opportunities
  • Enhance compliance with European regulations and continue to build a stronger presence in the European market

2. Future Outlook

Our group will continue to advance the technologies cultivated in the field of explosion protected and professional LED lighting for hazardous areas, delivering next-generation safety lighting solutions. Going forward, we will integrate higher-efficiency LED technology with smart control functions, strengthen our expansion into key hazardous-area markets such as oil & gas, chemical and renewable energy facilities, and drive innovations that further raise industry safety standards.

3.ATEXOR Overview (As of the End of September 2025)

Name

ATEXOR OY

Head Office

Suomalaistentie 7, FI-02270 Espoo, Finland

Managing Director

Jukka Viitasalo

Business Description

Manufacturing and Development of Explosion Protected and Professional Portable and Fixed LED Lighting for Hazardous Areas

Capital

EUR 861,000

Established

1983

Number of Employees

21

Fiscal year-End

December

URL

https://www.atexor.com/

4. Shareholding Ratio After Acquisition

 Raytec Ltd. : 100%

5. ATEXOR Product Image

APPENDIX

OPTEX's M&A Track Record

For OPTEX, mergers and acquisitions (M&A) represent one of the most critical management strategies to strengthen and expand business domains, technologies, and sales channels, thereby achieving sustainable growth. Through M&A, OPTEX actively invests in companies (or businesses) with strong positions in niche markets to create synergies and pursue high growth.