Briot-Weco makes equipment for producing spectacles lenses.
Israeli-French company Visionix Luneau (Prime Standard: VSX) is expanding through an acquisition. Visionix Luneau, based in Chartres, has signed an agreement to buy European company Briot-Weco. Financial details were not disclosed, but according to estimates the price is at least in the millions of euros. Completion of the deal is subject to several conditions
Jerusalem-based Visionix develops, produces, and sells diagnostic equipment for the ophthalmic market. Briot-Weco produces equipment for producing spectacles lenses. Its products are aimed at the same market as those of Visionix Luneau. Visionix sees the combined companies as providing a complete solution of products and services for its customers. The acquired company has sales in the tens of millions of euros annually, of a similar order to Visionix's sales.
Visionix was founded in 1993 by Dr. Marc Abitbol, who manages the group. It has about 100 employees, 30 of them in Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2010
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