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Essilor International SA Announces Acquisitions in Colombia, Turkey, China and North Africa

Tuesday, 22 Jan 2013 12:30am EST 

Essilor International SA announced that in Colombia, it has signed an agreement to acquire a 51% stake in Servi Optica, a South American prescription laboratory and an Essilor distributor, through the Varilux and Shamir lenses. In Turkey, the Company has signed an agreement to acquire a majority stake in Isbir Optik, a distributor of ophthalmic lenses, and in China, Essilor announced the acquisition of a majority stake in Tianhong, a distributor of ophthalmic lenses. The Company also announced it has finalized two transactions in North Africa: in Tunisia, Essilor completed the acquisition of Sivo, a distributor which also operates in Morocco, Algeria, Cote d'Ivoire, Cameroon and Togo; and in Morocco, Essilor completed the acquisition of Movisia, a distributor of Nikon and Kodak brand lenses. Financial terms of the transactions were not disclosed.