The Rodenstock Group recently announced an agreement to acquire Indo Optical, the Spanish manufacturer of corrective lenses. The transaction is expected to be completed in Q3 2022 and is subject to approval by the usual anti-trust authorities. Financial details of the transaction will not be disclosed.
Indo Optical is described as a market leader in the manufacturing of ophthalmic lenses as well as the commercialization of diagnostic equipment and optical instruments for opticians and ophthalmologists. Founded in 1937, Indo Optical is present with 440 employees in Spain, Portugal, Morocco, and France today, with two main manufacturing sites in Barcelona and Tangier.
According to Rodenstock, the acquisition will allow them to further increase its global footprint and reach new customers outside the premium segment with the potential to cross-sell and provide additional value from Rodenstock’s B.I.G. VISION™ for the entire portfolio.
In the statement about the acquisition, Anders Hedegaard, CEO of Rodenstock, said: “The acquisition of Indo Optical is an important step for our strategic ambition to increase Rodenstock’s global footprint and to drive the transformation of our industry. Indo Optical’s product offering is an ideal fit to our new brand architecture and will allow us to lift synergies for the benefit of our customers.”
Garrigues team advising on this deal was led by partner Jose Manuel Martín, along with senior associate Natalia Gutiérrez and lawyers Estrella Pulido and Sofía Rubiales.
