The optician chain Fielmann is continuing its expansion in the USA with a takeover. Fielmann USA, a subsidiary of the Fielmann Group, has reached an agreement to acquire 100 percent of the shares in Shopko Otical.
The acquisition of the shares is “based on a valuation of around 290 million US dollars” (270 million euros), Fielmann announced. The transaction is still subject to regulatory approvals, but is currently expected to be completed in the third quarter.
Following the takeover, customers can now be supplied via digital sales channels and a total of more than 220 branches in 19 US states. According to the company, the transaction is another milestone in the Fielmann Group’s growth strategy in the USA. The company entered the market in 2023 with the acquisition of online eyewear retailer Befitting and optician SVS Vision.
