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inspecs group bode
AGREEMENTS

Inspecs Group wins BoDe.

December 27 2021

Inspecs Group has acquired BoDe, a distributor of optical and sunglasses frames principally to the German market.

Inspecs is currently the largest supplier to BoDe and will pay an upfront cash consideration of approximately €1.76m from existing cash resources and deferred cash consideration based on financial performance over the next three financial years.

BoDe is expected to generate revenues of approximately €3.75m in 2021 and the acquisition is expected to be earnings enhancing in 2022.

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