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news.Essilor and the Swiss company Schweiter Technologies have signed a share purchase agreement whereby Essilor will offer to acquire the shares of Schweiter subsidiary Satisloh Holding.
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The agreement is subject to certain conditions precedent, including approval by competition authorities in Satisloh’s main host countries. The acquisition could be completed in the second half of 2008.
In the future, the combination of Essilor and Satisloh’s research capabilities and expertise is expected to offer all industry participants a broader, more competitive range of products and services, while shortening time to market cycles for new production processes.
For Essilor, the acquisition not only opens up a new area of business, it also offers a strong fit with the company’s strategy of innovation and the development of services for prescription laboratories, optical chains and eye care professionals around the world.
Created by the merger of Satis and Loh in 2004, Satisloh has a global distribution network and is said to be the world’s leading supplier of prescription laboratory equipment. It manufactures and markets antireflective coating units and surfacing machines, as well as consumables.