The 20th China (Shanghai) International Optics Fair, scheduled to be held in Shanghai in February, has been relayed to May 6-8, 2021, at Shanghai World Expo Exhibition & Convention Center (SWEECC).
The descision was taken in compliance to China State Council’s ‘guidance to implement joint prevention and control mechanism on the normalization and containment of the new coronavirus epidemic’.
The organizers report that at the latest count, SIOF 2021 has gathered 194 international exhibitors from 23 countries and regions, and that 255 global brands shall be on display. Over 600 Chinese exhibitors will be present. 30 % of of the exhibitors are from the field of visual test equipment and manufacturing and processing machinery.
Find out more on www.siof.cn
Funds advised by Apax (the “Apax Funds”) have announced an agreement to acquire Rodenstock from Compass Partners.
Founded in 1877, Rodenstock has been a global leader in prescription lenses for over 140 years. Headquartered in Munich, Germany, Rodenstock employs around 4,900 people worldwide and is represented by sales subsidiaries and distribution partners in more than 85 countries. Rodenstock‘s patented DNEye Pro technology stands at the core of its business strategy and made Rodenstock the first company to measure the individual shape and size of each eye and use thousands of data points to produce individualized eyeglass lenses. The company’s portfolio also includes eyewear under the Rodenstock and Porsche Design brands.
The Apax Funds says it will support the Rodenstock management team’s vision of accelerating the company’s growth through innovation, commercial execution and digitization, whilst continuing to deliver the highest level of service to clients and partners. The Apax Healthcare team have an understanding of innovative medical technology through prior investments in the space, including companies such as Candela, a non-surgical aesthetic device company, and Acelity, a global leader in wound-care products.
Anders Hedegaard, CEO of Rodenstock, said: “We are excited to partner with the Apax Funds, who have a proven culture of investing for growth, and who will be able to support Rodenstock’s continued quest to develop and produce the highest quality lenses for our customers. During 2020 we saw tremendous growth driven by our B.I.G. VISION™ technology, which helped us emerge from the Covid-19 crisis stronger than most of our competitors. Our innovative technology enhances the value proposition that can be delivered by our opticians, who in turn are delivering optimal vision to consumers. With the support of Apax we are looking to expand our presence even further by offering our customers more excellent and innovative products.”
Steven Dyson, Partner at Apax and Co-Head of Healthcare, commented: “Rodenstock fits perfectly with the Apax Funds’ healthcare strategy of investing in innovative companies with a differentiated customer proposition and the potential to achieve stand-out growth. Under Anders’ management, Rodenstock’s strategic refocus has already translated into strong performance in 2019 and 2020, despite the Covid-19 pandemic, creating a robust foundation for future success.”
Arthur Brothag, Partner at Apax, added: “Rodenstock has a strong reputation for innovation and German engineering proven over 140 years, and has created a paradigm shift in progressive lenses with B.I.G. VISION™. We look forward to leveraging the Apax Funds’ experience and know-how in MedTech and supporting the entire Rodenstock team on further driving innovation and accelerating transformational growth.”
Tim Wright, Partner at Compass Partners, commented: “In the last 5 years Rodenstock has been transformed into a global leader in ophthalmic lenses. We are delighted that the Apax Funds have agreed to acquire the business. We believe their partnership with Anders Hedegaard and his team will provide a strong platform for future growth which will allow Rodenstock to maximize its full potential.”
The transaction is subject to applicable regulatory approvals and is expected to close in the middle of 2021. Financial terms were not disclosed.
EssilorLuxottica has entered into an agreement to acquire U.S. based lab network Walman. Walman, which has been a leading partner to vision care practices around the country for more than 100 years, will draw on EssilorLuxottica’s focus on product and service innovation to create growth opportunities for the company.
“Walman is a company we’ve admired as a longtime partner – they share EssilorLuxottica’s customer-first sensibility and our relentless pursuit of higher service standards. They also share our history of employee shareholding, which makes them an ideal cultural fit for our family. Walman has cultivated broad recognition and relationship equity and we will invest in the areas that make them such a great partner to the industry,” commented Francesco Milleri and Paul du Saillant, respectively CEO and Deputy CEO of EssilorLuxottica.
Walman has a network of 35 facilities across the U.S., including prescription lens-finishing labs and hubs for optical instruments and other vision care products. As part of EssilorLuxottica, Walman will continue to serve the market under the Walman brand
“EssilorLuxottica’s investment in Walman is an important next step for our customers and employees”, said Marty Bassett, President & CEO of Walman. “It was time for Walman to find an investment partner to support its future success. We chose EssilorLuxottica because of our shared values and their proven history of working with independent businesses to accelerate growth while supporting the entrepreneurial spirit and company culture that made each business successful in the first place.”
The transaction is expected to close in the coming months pending regulatory approvals and other customary closing conditions.
Today the President of MIDO, Giovanni Vitaloni, met online all the stakeholders of the trade show to announce that, at the moment, the situation does not allow MIDO 2021 to go ahead as planned.
From 5 to 7 June the event for the world eyewear industry will move online.The in-person edition of the show is postponed to 2022, from 12 to 14 February.
“It’s now more than a year since the beginning of the pandemic in Italy and regrettably, the public health situation, not only in our country, is still critical – began Vitaloni. The infection rate is still high, and the variants and the problems related to vaccine production and distribution have caused additional difficulties. International travel is currently limited; last October we were optimistic about the coming months but the reality is proving to be very different. Trade shows, at present, are still banned”.
“We have therefore decided – continued the President – not to wait any longer and to make another tough decision, dictated by our sense of responsibility towards exhibitors and visitors, because we believe that MIDO must continue to be an event that stands out on the world stage as unique, aware of its role as the driving force of the economy in this sector. Our main objective is to safeguard the international character of the event and the show itself, to promote and enhance the eyewear industry and to create important business and meeting opportunities”.
The President’s message reaches the operators loud and clear in such an important sector for the world economy, at a time when there is no alternative but to wait. MIDO is a leading international event in the eyewear sector. The elements underlying its success over the last 50 years are meeting, interaction, networking, sharing and interplaying. But its great asset has always been the presence and participation of its key players, from 160 countries worldwide.
Talking about the next in-person edition in February, Vitaloni stated: “MIDO 2022 will at last be an occasion for sharing the reconstruction, enthusiasm and energy which we are all striving to set in motion in order to revive one of the most important segments of our country’s economy. We pay close attention to the evolution of the pandemic, constantly monitoring the needs of exhibitors and visitors. Obviously, once it is possible to hold in-person events again, we will not hesitate to do so”.
Lastly, Vitaloni recalled the event scheduled for 5 to 7 June 2021, which the team is working on to create a digital MIDO. In addition to the platform dedicated to exhibitors and buyers, this will also be a great event for the world industry, providing the opportunity to share projects and proposals, reassess the sector, analyze economic and social themes, discuss trends and new developments through high-profile figures and interactive events.All the updates are available on www.mido.com and on Mido’s social media channels.
The Vision Council, co-organizer of Vision Expo with Reed Exhibitions, announces that registration for Vision Expo East 2021, taking place June 2–5 in Orlando, Florida at the Orange County Convention Center, opens today, Monday, March 22 under the banner of ONE Vision – ONE Focus – ONE Future. Hotel reservations at Vision Expo’s official partner hotels also open today, March 22.
The Show’s educational program, together with OptiCon®@Vision Expo, will open Wednesday, June 2 and exhibits open Thursday, June 3. To register for Vision Expo East’s Exhibit Hall and Education, click here.
Vision Expo East 2021 will feature several new show destinations and Show Floor neighborhoods, including:
The Focus – Representing the foundation of eyecare and offering the key to masterfully servicing patients and customers, The Focus brings together lens and coating technology, lens processing techniques, disease management solutions, contact lens innovations and eyecare practice optimization. Think “before-the-frame” and discover the most advanced technologies dedicated to groundbreaking vision care. Exhibiting companies include: Alcon, Allergan, Bausch + Lomb, Novartis, Topcon and ZEISS.
The Park – Industry icons, ubiquitous brands and prestigious collections unveil their latest styles and offerings in inspired large-scale displays that celebrate the worlds of superior style and exemplary service. Explore a vibrant assortment by eyewear’s most prominent players in The Park. Exhibiting companies include: Charmant, Eyewear Designs Ltd., Tura, Liberty Sport and McGee Group.
The Union – The ultimate shopping experience for those seeking the newest in independent design, this energetic showcase offers new collection launches, pop-culture inspired collaborations and “talk-of-the-show” trends. Exhibiting Companies include: Modo Eyewear, Etnia Barcelona, Studio Optyx, ic! berlin and Spectacle Eyeworks.
The River – Driven by design, this is the realm of the daring with collections that continue to shape the future of eyewear in a thrilling fashion, art and culture-inspired universe. The River is a celebration of an industry steeped in innovation, discovery and deep relationships that will ensure its prosperous future. Exhibiting companies include: TD Tom Davies, Sospiri by Ottica Veneta, Wood Optic and Rigards.
The Springs – A bold platform for the next generation of optical icons, The Springs is a true discovery zone and incubator for emerging talent in eyewear design and vision innovation. The Springs is where buyers dive into collections by the industry’s ones-to-watch and are privy to a first glimpse of these rising optical stars. Exhibiting companies include: Ferilli Eyewear, TYCHE + ISET Eyewear, Bonavista Optics and SpiltMilk Eyewear.
The Bridge and the Innovation Stage will also be located on the Show Floor. More information on special programming and keynote speakers will be released in the coming weeks.
VisionEd is Vision Expo’s newly branded, sought-after education program dedicated to seminars, workshops and presentations where attendees can hone their craft in courses led by renowned experts in clinical research, business, fashion and marketing. In addition, OptiCon®@Vision Expo returns with an unmatched education program and exhibit hall experience for opticians, contact lens technicians and ophthalmic allied professionals. To learn more and register to experience the industry’s leading educational offerings, please click here.
Additionally, Vision Expo will introduce the Global Plaza powered by ShopVISION, a new destination showcasing international designers and suppliers who are unable to attend Vision Expo East 2021 in-person due to travel restrictions. Housed in the main lounge of Vision Expo, the Global Plaza will also be a discovery zone for attendees and exhibitors to learn about and demo ShopVISION, a new virtual marketplace and sourcing platform. A personal concierge will curate the visitor experience at the Global Plaza.