BUSINESS De Rigo to Acquire Rodenstock’s Eyewear Division By Staff Monday, December 12, 2022 10:35 AM LONGARONE, Italy—De Rigo Vision has announced that it has signed an agreement to acquire full ownership of Rodenstock’s eyewear division. The transaction will be completed toward the end of the second quarter of 2023. Details of the transaction were not disclosed. De Rigo said this acquisition is part of its strategic plan for further international expansion and growth in the premium eyewear segment. In particular, it aims to reinforce the Group’s distribution platform in Central Europe and specifically the German eyewear market. The integration of the Rodenstock Eyewear division into the De Rigo business will strengthen the sales network through additional resources, expertise and an extensive network in Germany as well as in international markets. This acquisition includes Rodenstock Eyewear and Porsche Design Eyewear, which will complement the already existing De Rigo product portfolio. De Rigo Rem will begin to sell Porsche Design eyewear in North America on Jan. 1, 2023. Maurizio Dessolis. Maurizio Dessolis, executive vice chairman of De Rigo Vision, said, “I am proud to announce this agreement with Rodenstock, with whom we share the values of operational excellence and a client and people centric business: the keys to our companies' success. We are delighted to complement our portfolio of premium products with the prestigious Rodenstock brands, building a new champion in the eyewear business. We are confident that building on our global platform and network we will be able to support the continued growth of the business and its brands.” Anders Hedegaard, CEO of Rodenstock, said, “With De Rigo, we have found a buyer that will ensure business continuity for our eyewear business, and we look forward to our continued collaboration. Due to their great deal of know-how in the frames business and excellent access to international markets, De Rigo is ideally positioned to further drive the development of the eyewear business and strengthen its brands Rodenstock Eyewear and Porsche Design Eyewear.” De Rigo's headquarters in Longarone. De Rigo’s portfolio is distributed in approximately 80 countries, mainly in Europe, Asia and the Americas, through 18 companies and over 100 independent distributors. The Rodenstock Group is represented with sales offices and distribution partners in more than 85 countries. Rodenstock maintains production plants at 14 locations in 13 countries.