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.
