In Focus: Inspecs marches on

UK eyewear company Inspecs Group has conditionally agreed to acquire all of the equity interests in German eyewear supplier Eschenbach for approximately £84.7m.

The acquisition extended Inspecs’ presence in markets such as the US and Germany with the addition of Eschenbach’s network of over 250 sales representatives and over 12 international subsidiaries, plus distribution into more than 80 countries.

Robin Totterman, CEO of Inspecs, said: ‘We are delighted to have agreed to acquire Eschenbach, Germany’s number one eyewear company, which in turn owns one of the leading eyewear companies in the USA, Tura.

‘As a high-quality business with a strong management team and track record of margin-accretive growth, Eschenbach represents the ideal fit for Inspecs. Moreover, it will enable the group to penetrate key global markets, broaden our customer reach, strengthen our brand portfolio and capitalise on the compelling structural opportunities that exist in the fragmented global eyewear market.