All M&A articles
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News briefsEssilorLuxottica reportedly picks up French struggling XR headset maker
Reports from Road to VR and Germany’s Heise Online indicate that EssilorLuxottica may have acquired Lynx, the Paris-based mixed-reality headset startup, though the deal has not been officially confirmed. Founded in 2019, Lynx built standalone mixed-reality headsets combining VR immersion with color passthrough, pitching itself as a European alternative to ...
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Lenskart forms manufacturing JV with China’s Mingfeng
Lenskart Solutions’ board approved on July 2 the incorporation of a joint venture with Mingfeng Glassesworld, a Chinese eyewear manufacturer, to produce metal spectacle frames in India. Lenskart will hold 80% of the new entity, Lenskart Metalframes, with Mingfeng Glassesworld holding the remaining 20%. The JV aims to localize production, ...
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ZEISS to acquire Romanian distributor EDY OPTIC
German optics group ZEISS has signed an agreement to acquire EDY OPTIC, a Romanian distributor of ophthalmic lenses and medical devices, the company announced on June 26. Founded in 1994 and based in Arad and Bucharest, the family-owned firm has long served as ZEISS’s exclusive distribution partner in Romania. Besides ...
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Safilo completes acquisition of SPY+ and Serengeti from Bollé Brands
Safilo Group has closed its acquisition of eyewear brands SPY+ and Serengeti from Bollé Brands, following a share and asset purchase agreement signed in May. The deal covers selected SPY+ and Serengeti assets in Europe, plus 100% of the shares of two dedicated legal entities operating in the US and ...
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Vision Tech buys Sharbie to bolster B2B smart glass offering
The Italian eyewear manufacturer iVision Tech has acquired Sharbie, an Italian B2B technology company that develops and manages digital solutions and operational services for companies in fields including mobility fleet management, technical assistance and industrial help desks. IVision Tech said that the acquisition, for which a purchase price of €140,000 ...
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Menicon acquires small contact lens retail chain in Japan
Menicon announced on July 1, 2026 that it had acquired Inter Optical Co., a regional store operator, to strengthen its retail base and customer touchpoints in eastern Japan. This is the latest step in a decade-long roll-up: the Japan-based conctact lens maker already owns Ace Contact (through subsidiary W.I. System, ...
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Carl Zeiss AG to increase its stake in Carl Zeiss Meditec with €200m investment
Carl Zeiss AG, the holding company of the ZEISS Group, announced yesterday that it will buy additional Carl Zeiss Meditec shares on the stock market for up to €200 million by February 2027, mainly to underline confidence in the subsidiary and its strategy. The group currently holds about 59.1 percent ...
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News briefs
KKR builds up optical portfolio with Investment in FYihealth
Global private equity investor KKR has made a strategic investment in FYihealth, a Canadian-based group founded in 2008 and operating 370 optometry clinics and retail stores across Canada and the US. Financial details were not disclosed for the transaction, which is expected to close in the coming months after regulatory ...
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ArticleQualcomm invests $10 million in Inspecs, launches smart eyewear turnkey program
Qualcomm Technologies, the global leader in wireless chipsets for electronics, is investing $10 million in Inspecs, the UK-based eyewear group, announced yesterday. We estimate that the investment, which is being made through the purchase of newly issued ordinary shares, will give Qualcomm a 6–7 percent stake in Inspecs. The proceeds ...
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Bausch + Lomb reinforces ortho-K portfolio with French lab acquisition
Bausch + Lomb has officially acquired Precilens, a French-based specialty contact lens manufacturer, for an undisclosed amount. This strategic investment aims to strengthen the U.S. group’s portfolio in the orthokeratology and other advanced contact lens segments. Bausch + Lomb states the deal will expand clinical training access, improve service to ...
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Nikon president offers prudent reply to EssilorLuxottica question
Asked by Nikkei Shinbun about EssilorLuxottica’s growing stake, Nikon President Yasuhiro Omura largely echoed the Italo-French group’s official stance: “As Essilor has publicly stated, it is a long-term pure investment and we are not in a position to answer this question.” He nevertheless highlighted potential synergies: “There are optical challenges ...
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ArticleRevenio completes Visionix takeover, revamps board and leadership
Finnish Revenio Group has completed the acquisition of LT International, the parent company of Visionix, following the transaction agreement first announced in April. The consolidation of Visionix into Revenio took effect on May 28, 2026. As noted at the time, the deal values the acquired business at €290 million, with ...
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US-based VTO company changes hands
Veero AI, the US tech company operating the AI-powered Eyesize virtual eyewear try-on platform, has been acquired by Shirah Technologies, a newly formed SaaS and AI services company focusing on e-commerce and direct-to-consumer brands. Described as “the industry leader in AI and computer-vision technology for vision eyewear,” Veero AI currently ...
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Magrabi Retail Group signs third M&A deal in as many years
Magrabi Retail Group has announced its third M&A transaction in as many years: the planned acquisition of a 51 percent stake in Baraka Optics Group, a premium optical retailer operating 23 stores in Egypt under the Baraka Optics, C&Co., and People banners. This move follows the acquisitions of Rivoli Group ...
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ArticleMaterialise transfers eyewear unit to management
Materialise has announced that it has agreed to transfer its eyewear business to the unit’s management team, as disclosed last week during its Q1 2026 financial results. The division will continue to operate as a stand‑alone entity, with Patrick Swinnen, currently Business Line Director, at the helm. The transaction, for ...
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EssilorLuxottica acquires Italian CNC machinery company
EssilorLuxottica is further advancing its vertical integration through the acquisition of Faro, a Venice-based manufacturer of high-precision CNC machinery for milling and diamond cutting. Founded 20 years ago, Faro focuses on the jewelry and eyewear industries. Its capabilities extend to complete eyewear production, including “complex edging and processing of lenses ...
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ArticleSafilo in exclusive talks to acquire Spy+ and Serengeti from Bollé Brands
Safilo Group appears set to acquire the SPY+ and Serengeti brands from Bollé Brands, after the signature of an exclusive agreement between the two companies was announced earlier this week. Although no transaction has been finalized at this stage as discussions are still ongoing, the deal seems very likely to ...
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ArticleRevenio Group acquires Visionix in €290m deal
Revenio Group, a Finnish-based public company supplying eye care devices and software, announced yesterday the acquisition of Visionix, the French-based group specializing in eye care diagnostics and measurement instruments. The transaction valued the business at €290 million, including a payment of €250 million to the selling parties, of which about ...
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ArticleZeiss acquires Vivior’s assets
Zeiss Vision Care has acquired “key assets” of Vivior AG, the Swiss developer of a device whose data stream helps recommend or customize lenses and other products. Source: Vivior/Businesswire Image of Vivior’s VBM that accompanied a company press release form 2018. Called the Vision Behaviour Monitor (VBM), ...
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News briefs
EssilorLuxottica gradually increases its stake in Nikon
EssilorLuxottica has been steadily building up its stake in Nikon Corporation, since the Japanese authorities greenlighted an up-to-20-percent stake for the Franco-Italian group in October last year. The authorization was necessary as several Nikon businesses – lenses, sensors, and lithography – are considered “core” to the national security. ...
