Bausch + Lomb Completes Acquisition of Technolas Perfect Vision GmbH
|January 30, 2013 12:21 AM
Bausch + Lomb, the global eye health company, has completed its acquisition of
Technolas Perfect Vision GmbH, a leading ophthalmology laser company based in Munich, Germany. The new entity will be known as Bausch + Lomb Technolas, with a continued commitment to the development and commercialization of the finest surgical laser technology in the ophthalmic field, according to an announcement from B+L.
Bausch + Lomb originally
announced its intent to purchase all outstanding and unowned shares of Technolas Perfect Vision in November 2012. Technolas Perfect Vision was established in 2009 through a joint venture between Bausch + Lomb and 20/10 PERFECT VISION AG to develop and sell advanced refractive and cataract technologies. Financial details of the acquisition are not being disclosed.
The Technolas Perfect Vision team will become part of Bausch + Lomb’s Surgical business, and its femtosecond and excimer laser platforms for cataract and refractive surgery will broaden the company’s already robust product portfolio and new product pipeline.
Since December 2011, the two companies have been co-promoting the VICTUS femtosecond laser, which can perform both cataract and refractive procedures on a single platform. The VICTUS platform received marketing approval from regulatory authorities in Europe in late 2011 and received key clearances from the U.S. Food and Drug Administration (FDA) in July 2012.
“The Technolas Perfect Vision team, led by CEO Dr. Kristian Hohla, has built a ‘best in class’ femtosecond laser platform and other exciting ophthalmic products that round out Bausch + Lomb’s surgical product portfolio and position us to become a ‘one-stop shop’ for ophthalmic surgeons,” said Brent Saunders, president and chief executive officer, Bausch + Lomb.
Kristian Hohla, Ph.D., chief executive officer of Technolas Perfect Vision, will serve as the president of Bausch + Lomb Technolas, reporting to John Barr in the Surgical business of Bausch + Lomb.
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