EssilorLuxottica closes acquisition of Washin Optical Co., Ltd. to expand its optical retail presence in Japan
Apr 10, 2024•over 1 year ago
Acquiring Company
EssilorLuxottica
Acquired Company
Washin Optical Ltd
Description
EssilorLuxottica, part of Luxottica Japan, has successfully closed the acquisition of Washin Optical Co., Ltd. This acquisition represents a significant step in shaping the vision care market in Japan, aiming to grow the appreciation for quality eyewear and eyecare solutions among Japanese consumers while expanding EssilorLuxottica's retail presence in the country.
M&A Insights
Based on deal dataIntegration 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