Earlier in July, Innova Capital announced its acquisition of Optical Network, which operates eye-wear store chains OPTIblu and Klarmann. Both deals require antitrust clearance to be completed.
Optiplaza SRL, registered in Brasov and founded in 2004, had sales of nearly EUR9.4 million, slightly down on the year, and a net profit of EUR200,000 in 2018, three times lower than in 2017.
Innova Capital is looking to consolidate its position on the local medical optics market, which is fragmented into many small businesses, estimated at around RON1 billion. Optical Network and Optiplaza are some of the largest players on the market.