Hoya picks up Performance Optics for USD476 mn
12-Oct-16, Mass Device
Hoya Corp has said it inked a deal to buy Performance Optics and its subsidiaries Vision Ease and Daemyung Optical for roughly $476 million.
%20Hoya.png "Hoya picks up Performance Optics for USD476 mn (c) Hoya")
Image: Hoya
The ¥48.98 billion acquisition includes Performance Optics’ ophthalmic lens manufacturing business, which includes polycarbonate, photochromic, polarized and high index eyeglass lenses, according to Tokyo-based Hoya.
“The acquisition of Performance Optics expands Hoya’s customer reach, particularly through Vision Ease’s presence in the Americas and its strengths in polycarbonate products and technologies. Performance Optics provides Hoya with additional capabilities in polycarbonate, photochromic and polarized lens technologies, as well as an expansion of our global footprint in high index lens casting to reinforce our position as a global technology leader in lens manufacturing. Importantly, we also will augment our global research & development capabilities, creating a new technology center of excellence outside of Japan,” Hoya Vision Care CEO Girts Cimermans said.