PADOVA, Italy and GAMAROGI, AICHI, Japan—Nidek Technologies S.R.L. headquartered in Padova, Italy, a subsidiary of Nidek Co., Ltd., based in Gamagori, Aichi, Japan, announced that it has acquired 90 percent of the shares of Nidek Medical S.R.L., a sales and service company of ophthalmic devices headquartered in Milan, Italy. As a result of the move, which took effect July 7, 2022, Nidek Medical (NM) became a branch of Nidek Group. The terms of the transaction were not disclosed.

NM was founded in 1991 in Italy and gained a strong leadership position in the market. “This acquisition increases the synergies between NM and Nidek Group in Italy,” said Cesare Tanassi, managing director of Nidek Technologies. Motoki Ozawa, president and CEO of Nidek, added, “We welcome NM to Nidek Group which allows us to continue to enhance the development, sales and service of our products.”