M&A Deal Summary

GrandVision Acquires McOptic AG

On August 2, 2019, GrandVision acquired retailer McOptic AG

Acquisition Highlights
  • This is GrandVision’s 9th transaction in the Retail sector.
  • This is GrandVision’s 2nd transaction in Switzerland.

M&A Deal Summary

Date 2019-08-02
Target McOptic AG
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

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.

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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 11 of 11
Sector: Retail M&A 9 of 9
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Switzerland M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 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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