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Announced

Clerio Vision acquired Hydrogel Vision Corporation.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
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EV/EBITDA-
Share Price Premium-
One Off Charge-

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Private

Specialty Retailers

United States

contact lenses

Acquisition

Synopsis

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Clerio Vision, a developer of laser-based vision correction solutions, acquired Hydrogel Vision Corporation. HVC, founded in 2002, is best known for its Extreme H2O product line and its multiple differentiated offerings that personalize the contact lens wearing experience. Financial terms were not disclosed. "As Clerio began preparations for its first contact lens offering, we quickly identified HVC as a best-in-class manufacturing partner," said Alex Zapesochny, Co-CEO of Clerio Vision. "We are thrilled to have now fully joined forces with HVC and to further build on its history of offering innovative products of the highest quality."

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