Optical product distributor, ABB Optical Group, intends to acquire Diversified Ophthalmics and its partner company MidSouth Premier Ophthalmics.

The transaction enables the acquirer to expand its product range and offer wide variety of contact lenses, distribute ophthalmic lenses and eyewear, manufacture GP and custom soft lenses and support practice management and buying groups.

HPC Puckett & Company is the advisor for the transaction.

"Orthotic Composites’ products and proprietary fabrication processes will be integrated into Thuasne’s manufacturing operations."

Orthotic Composites, a manufacturer of orthopaedic braces, will operate as a wholly-owned subsidiary of health care company, Thuasne Group, which acquired the former with the aim of strengthening its product portfolio.

Following the acquisition, Orthotic Composites’ products and proprietary fabrication processes will be integrated into Thuasne’s manufacturing operations and North America sales network of Townsend Design, the company’s US subsidiary.

IDT Australia, a pharmaceutical and drug development company, has agreed to sell 61% stake in clinical trial services provider, CMAX, to medical support services provider I’rom Group for A$10m ($7.61m).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Expected to be completed in November 2016, the agreement also includes acquisition of the remaining stake in CMAX in June next year.