M&A Deal Summary

GrandVision Acquires Grupo Optico LUX S.A. de C.V.

On December 10, 2012, GrandVision acquired retailer Grupo Optico LUX S.A. de C.V.

Acquisition Highlights
  • This is GrandVision’s 4th transaction in the Retail sector.
  • This is GrandVision’s 2nd transaction in Mexico.

M&A Deal Summary

Date 2012-12-10
Target Grupo Optico LUX S.A. de C.V.
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

Grupo Optico LUX S.A. de C.V.

Cuauhtemoc, Mexico
Grupo Óptico Lux is located in Mexico City and operates 89 own stores. The company has approximately 900 employees and reported 2011 sales of MXN 749 million (€ 43 million).

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Buyer(S) 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 STATS #
Overall 4 of 11
Sector (Retail) 4 of 9
Type (Add-on Acquisition) 3 of 10
Country (Mexico) 2 of 2
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Optical Service Group B.V.

Gorinchem, Netherlands

Optical Service Group operates 89 optical retail stores in the Netherlands under the brand name “Het Huis” and has partner contracts with 18 independent optical retail stores that also operate under the “Het Huis” brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-16 Topsa Retail S.A.C.

Chorrillo, Peru

Topsa Retail S.A.C. is located in Lima and operates 176 own retail stores, mainly in Lima and a number of other large cities in Peru.

Buy -