MUNICH—The Rodenstock Group, a leading global manufacturer of ophthalmic lenses, announced on May 19 that it has entered into an agreement to acquire Indo Optical, a top Spanish lens maker. The transaction is expected to be completed in the third-quarter of 2022 and is subject to approval by antitrust authorities. Financial details of the transaction will not be disclosed, Rodenstock said. Rodenstock CEO Anders Hedegaard 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," Hedegaard said.

Marcus Desimoni, CFO Rodenstock remarked, “This acquisition offers exciting opportunities to gain market share and to cross-sell Rodenstock products into more premium segments with Indo Optical’s footprint. We can hence reinforce our position as a market-leading, med-tech company while continuing our transformation and regional expansion.”

Enric Florensa, CEO Indo Optical added, “We are convinced we can continue to grow our market share within the Rodenstock group. This combination is a perfect strategic fit in geographical presence, brand architecture and industrial efficiency. We look forward to working together with the Rodenstock team.”

Rodenstock has been a global leader in prescription lenses for over 140 years, with a strong track record of innovative product development. The company, which was founded in 1877 with its headquarters in Munich, Germany, employs around 4,900 people worldwide and is represented with sales offices and distribution partners in more than 85 countries. Rodenstock maintains production plants at 14 locations in 13 countries.

Indo Optical, headquartered near Barcelona, Spain, is 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.

The company has a strong reputation in building and maintaining relationships with independent opticians, holding the third largest value share in Spain, and leading the market in Morocco.