Inspecs // Take-over BoDe Design

Growing UK eyewear specialist Inspecs has announced the acquisition of the partnership assets and liabilities of BoDe Design Vertriebs GmbH & Co.

The German firm is a distributor of optical and sunglasses frames principally to the German market and Inspecs is currently its largest supplier.

BoDe, run by Stefan Boop and Matthias Deter, is a long-established player in its domestic market, as well as in the Netherlands, Austria, and Switzerland. And in addition to distributing its new parent company’s products, it makes its own licensed brands, Comma and ZWO.

Inspecs will pay an upfront cash consideration of around €1.76 million from existing cash resources and a deferred cash consideration based on BoDe’s financial performance over the next three financial years.

BoDe is forecast to generate revenues of around €3.75 million this year and the acquisition is expected to be earnings enhancing for its new owner in 2022.

Inspecs CEO Robin Totterman said the acquisition “continues our strategy of developing the strategic distribution of our products to both chain and independent opticians around the world”.

The UK firm holds a number of major licenses with fashion brands, including Superdry, Radley, O’Neill, Ted Baker, Lulu Guinness, and Talbot Runhof.

Author: maarten weidemaAfter being a freelance eyewear designer since 1999, TEF founder Maarten Weidema now solely writes about his fellow designers in the optical industry. His passionate mission is to promote independent eyewear to the international optical arena, backed up by a large group of bloggers and journalists from all over the world. He has recently been awarded "International Optical Personality of the Year", "Leading Innovator in Optical Social Media Marketing", "Social Media Marketing Company of the Year" and received several awards for "best eyewear blog" for his efforts to promote independent eyewear to a community of 517.000 eyecare professionals.

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