VISOTTICA COMOTEC

L&T news
January 13, 2022

Visottica Comotec, the Veneto company producing eyewear components, has completed the acquisition of the majority stake of Ookii, a company specialising in precision micromechanics. With its share rising from 50% - which it has held since 2017 - to 83.8%, the company ihas also acquired a majority stake in Matrix (of which Ookii holds 100% of the capital), a company producing MIM (Metal Injection Molding) and microfusion components. Established in 1994, Ookii (with headquarters in Seren del Grappa, Belluno) specialises in the production of moulds and small metal parts using all techniques, operating mainly in the eyewear and precision engineering sectors. Rinaldo Montalban, President of Visottica Comotec, says, “With this consolidation of the corporate structure, we can support our traditional customers even more effectively thanks to our leadership in the eyewear sector, while also empowering our presence in rapidly developing markets like industrial and fashion accessories. Technological integration and the combination of the different know-how of the group's companies guarantee tailor-made products with the maximum flexibility and speed, integrating them into Visottica Comotec global strategy and offer.  This operation also confirms the strategic vision of the Group to maintaining a strong manufacturing presence in Italy to support Asian production". The agreement between the two companies provides for the acquisition by Visottica of 100% of the Ookii shares in 2024.

www.visotticacomotec.com

Other articles

Browse by tags