Essilor forges new deals across world

Essilor has entered into eight new partnerships around the world as part of its strategy of making targeted acquisitions.

These include three new agreements with leading local prescription laboratories in Brazil and an increase in its equity investment in Unilab, another Brazilian prescription laboratory, to 51 per cent.

Essilor also strengthened its operations in South Africa by signing a deal with Easy Vision, which distributes lenses to independent laboratories and generates €1.5m in revenue.

Essilor has also acquired a majority interest in a prescription laboratory in India and added two new partners to its laboratory network in the US. In France, it has acquired a stake in Essor, a lens distributor with revenue of more than €5m. The partnerships represent combined full-year revenue of around €40m.