EssilorLuxottica has received approval from the Competitions and Market Authority to proceed with its acquisition Lenstec Optical Group shares from Nigel Castle and Gerard Donovan.
The acquisition was expected to close this year and EssilorLuxottica said it would allow the company to improve access to its wide range of products to British consumers.
Nigel Castle, managing director at Lenstec, said: ‘We are excited to continue our journey within EssilorLuxottica. This partnership allows us to both strengthen and extend our products and service offering to our valued customers, whilst retaining the same customer intimacy, service and solutions our customers have come to expect.’
Essilor acquired a minority shareholding of Lenstec through Shamir in 2016 and the remainder of shares would be acquired through this deal.