INSPECS
Proposed Acquisition of Eschenbach

What's on in Europe
November 19, 2020

Inspecs Group plc has announced it has conditionally agreed to acquire Eschenbach Optik a leading, global, eyewear supplier headquartered in Germany. According to the UK based company, this represents a key strategic step in INSPECS’ growth as a global, vertically integrated, eyewear firm. Eschenbach is well established in Germany and the USA, two key global markets, and its portfolio of more than 15 ‘in house’ and licensed brands are complementary to Inspecs and will help position the Company as one of the leading eyewear companies in the world. Robin Totterman, Inspecs CEO, commented, “We are delighted to have agreed to acquire Eschenbach, Germany’s no.1 eyewear company which in turn owns one of the leading eyewear companies in the USA, Tura. As a high-quality business with a strong management team and track record of margin-accretive growth, Eschenbach represents the ideal fit for Inspecs. Moreover, it will enable the Group to penetrate key global markets, broaden our customer reach, strengthen our brand portfolio and capitalise on the compelling structural opportunities that exist in the fragmented global eyewear market. “By adding to the Group’s resilient, vertically integrated business model, this deal expands our global distribution network and brings over 250 salespeople into the Group, propelling Inspecs to a new high by creating one of the largest eyewear companies in the world.”
 
www.inspecs.com

 


“We look forward to welcoming the Eschenbach team and working together to build on Inspecs’ recent positive trading momentum while accelerating our long term growth and delivering value to our shareholders.”

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