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German online optician Mister Spex makes Swedish acquisitions

Germany’s largest online optician Mister Spex, a portfolio company of private equity firm DN Capital, has acquired two Swedish online eyewear operations, Lensstore and Loveyewear.

 
“With this step we demonstrate our leading position in Europe and accelerate our international expansion,” says Dirk Graber, founder and chief executive of Mister Spex. “We merge the business activities of the three fastest growing online eyewear companies in Europe. As early as 2013 we will jointly generate revenues of EUR48m.”
 
Lensstore sells contact lenses with a geographic focus on Sweden, Norway and Finland. Loveyewear offers premium brand prescription glasses and sunglasses in Sweden. The current management team led by Fredrik Malm and Patrik Hamilton as well as all employees will remain with the company.
 
Mister Spex managing director Mirko Caspar says: “With Lensstore and Loveyewear we have found the best partners for Mister Spex in the Nordics. We were convinced by their strong customer focus, the resulting high growth rates and the excellent management team. We share a passion for digitising the eyewear industry and will combine Mister Spex’s expertise in the sale of prescription glasses and sunglasses with the excellent market position of Lensstore and Loveyewear in contact lenses and premium eyewear in the Nordics.”
 

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