De Rigo Acquires Rodenstock Eyewear

De Rigo Vision S.P.A., a family-owned global market leader in design, production, and distribution of high-quality eyewear announces that it has signed an agreement to acquire the full ownership of Rodenstock's Eyewear division. The Rodenstock Group is a global leader in eye health innovation and manufacturer of biometric, and ophthalmic lenses developing market leading technologies. The transaction will be completed towards the end of the second quarter of 2023.

The acquisition of Rodenstock will allow De Rigo to expand its business in Europe and Asia, particularly in Germany, which is one of the largest eyewear markets in the world. Rodenstock, on the other hand, will benefit from De Rigo's global distribution network and expertise in marketing and brand management.

The financial terms of the deal have not been disclosed, but according to media reports, the acquisition is valued at around €1.7 billion ($2.1 billion USD).

De Rigo is an Italian eyewear company founded in 1978 by Ennio De Rigo. It is based in Belluno, Italy, and operates in over 80 countries worldwide. The company is known for its premium eyewear brands such as Police, Lozza, and Sting.

De Rigo has a vertically integrated business model, which means it designs, produces, and distributes its eyewear collections, allowing for greater control over the quality and design of its products. The company has a strong focus on innovation, investing heavily in research and development to create new materials, designs, and technologies for its eyewear.

Rodenstock, on the other hand, is a German eyewear manufacturer founded in 1877 by Josef Rodenstock. It is headquartered in Munich, Germany, and has a global presence in over 85 countries. Rodenstock spectacle frames are known for their timeless aesthetics in shape and colour, decent highlights and a minimalistic design.

Overall, both De Rigo and Rodenstock are well-established players in the eyewear industry, known for their quality products and innovative designs. The acquisition of Rodenstock by De Rigo is expected to create a stronger and more competitive company with a wider product range and greater global reach.

Furthermore, the acquisition is expected to have a significant impact on the eyewear market, particularly in Europe and Asia. Here are some potential impacts:

1. Strengthened market position: The acquisition will create a larger and more powerful company, with a wider range of products and greater global reach. This will strengthen the market position of De Rigo, making it a more formidable competitor in the eyewear industry.

2. Increased market share: The acquisition will also increase De Rigo's market share, particularly in Europe where Rodenstock has a strong presence. This will enable the company to better compete with other major eyewear players such as Luxottica and Essilor.

3. Greater access to distribution channels: De Rigo will gain greater access to distribution channels in Germany, which is one of the largest eyewear markets in the world. This will allow the company to expand its business and increase sales in the region.

4. Improved technological capabilities: Rodenstock is known for its innovative lens technology, which De Rigo can leverage to improve its own product offerings. The acquisition will enable De Rigo to access Rodenstock's technology and expertise, helping it to develop more advanced and sophisticated eyewear products.

5. Increased focus on sustainability: Both De Rigo and Rodenstock have a strong focus on sustainability, and the acquisition is expected to further strengthen this commitment. The combined company will have a larger platform to promote sustainable practices and reduce its environmental footprint.

Overall, the acquisition of Rodenstock by De Rigo is expected to have a positive impact on the eyewear market, leading to increased competition, innovation, and sustainability.


Post time: May-05-2023