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Fielmann Group AG to acquire Shopko Optical, expanding its presence in the US eyecare market

Jun 10, 2024•over 1 year ago

Acquiring Company

Fielmann Group

Acquired Company

Shopko Optical

HamburgGreen BayRetailFashionRetailFashion

Description

Fielmann Group AG, a leading global eyewear provider, has entered into a definitive agreement through its US subsidiary, Fielmann USA, to acquire 100% equity ownership in Shopko Optical. This strategic acquisition marks a significant milestone in Fielmann's Vision 2025 growth strategy to redefine the eyecare and eyewear experience for US consumers, particularly in the Midwest region.

Company Information

Company

Fielmann Group

Location

Hamburg, Hamburg, Germany

About

Fielmann Group is a leading global eyewear provider with a long history of empowering customers with trusted and innovative eyecare solutions. The company is committed to expanding its business internationally, particularly in the US market, and offers a unique omnichannel shopping experience for customers with vision insurance.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed