The Rodenstock Group has signed a deal to take over Indo Optical, a Spanish leader in the ophthalmic lens industry.
The takeover should be complete in the third quarter of 2022 and is subject to approval by the relevant antitrust authorities. Financial details of the transaction will not be released.
The takeover will allow Rodenstock to expand further globally and reach new customers, increasing cross-selling.
Also, it is expected that the takeover will bring important synergies and will improve profit margins in the lenses business.