Shamir invests in Lenstec UK labs

Lens group Shamir has announced the acquisition of a minority of Lenstec shares in the UK for an undisclosed amount.

Both companies stood to gain operational synergies while integrating their UK-based service network with Lenstec Nationwide Rx laboratories, a statement said.

Sales, production and marketing teams were to remain separate under the deal and Lenstec continued to offer its full portfolio of branded lenses and own label products.

Phil Bareham, general manager of Shamir UK (pictured bottom row centre), said: ‘The acquisition provides Lenstec access to the full portfolio of Shamir premium products and services, thereby enhancing its already wide-ranging choice of technology, products and services to the UK ECP.