Add-on Acquisition • E-Commerce

GrandVision Acquires Charlie Temple Europe BV

On January 28, 2019, GrandVision acquired e-commerce company Charlie Temple Europe BV

Acquisition Context
  • This is GrandVision’s 2nd transaction in the E-Commerce sector.
  • This is GrandVision’s 2nd transaction in the Netherlands.

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M&A Deal Summary

Date January 28, 2019
Target Charlie Temple Europe BV
Sector E-Commerce
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target Company

Charlie Temple Europe BV

Delft, Netherlands
Charlie Temple Europe BV is an online spectacles retailer. Charlie Temple business model focuses on offering quality spectacles with single vision and multifocal lenses at competitive prices and next-day delivery. Charlie Temple Europe BV was founded in 2016 and is based in Delft, Netherlands.
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Buyer Overview 1

Buyer

GrandVision

Schiphol, Netherlands

Category Company
Founded 1891
Sector Retail
Employees32,609
Revenue 3.5B EUR (2020)
DESCRIPTION

GrandVision is a provider in optical retailing and delivers high quality and affordable eye care to more and more customers around the world. GrandVision includes a wide range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. GrandVision was incorporated in 1891 and is based in Schiphol, the Netherlands.


Deal Context for Buyer #
Overall 10 of 11
Sector: E-Commerce 2 of 2
Type: Add-on Acquisition 9 of 10
Country: Netherlands 2 of 2
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Tesco Opticians

Altrincham, United Kingdom

Tesco Opticians is an online platform that offers contact lenses, prescription glasses and sunglasses. Tesco Opticians was established in 1999 and is based in Altrincham, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 McOptic AG

Basel, Switzerland

McOptic AG is the third largest optical retailer in Switzerland with an estimated market share of 5% via its Swiss business Visilab. McOptic was founded in 1998 and operates 62 stores, which are concentrated in the German-speaking parts of the country.

Buy -