B&F Groep Managing Director Hans Lugtenberg will join Ocuco’s senior management team and, in addition, will continue to run the B&F Optic subsidiary from his office in Oss. All staff will be retained to continue to develop the Apollo and ApolloCS software for its 400-plus customers, who will also have access to Ocuco’s broader product portfolio. B&F’s non-optical products, including their market leading salon software, will continue to be developed and supplied under the leadership of Patrick Klappe.
Hans Lugtenberg commented, “Now B&F Optics is part of Ocuco we can deliver continuity in the long term, developing the best software for our customers. Our 4 developers are now part of a team of 60, and in cooperation with suppliers of lenses, contact lenses, and optical instruments, we are now able to develop interfaces and innovative new products across multiple optical technologies.”
Wells Fargo’s Technology Finance unit funded the acquisition as part of a €23 million credit line extended to Ocuco. In addition to completing this acquisition, the facility puts Ocuco into a good position to pursue further acquisitions in the region and to expand R&D.
Leo Mac Canna commented, “B&F is a great company. The acquisition further strengthens our position in the European marketplace, and from a management perspective Hans is a particularly talented guy and we are delighted to have him on our team.”
Read the Press Release