Inspecs, the UK eyewear specialist, has made another significant acquisition with the purchase of Sweden-based company Ego Eyewear Limited. Ego is a design and licensing firm that collaborates with third-party eyewear manufacturers to create high-end fashion brands. With operations in Stockholm, London, Osaka, and Hong Kong, Ego has established a strong presence in the industry. This acquisition will bring several prestigious labels, including Barbour, Liberty of London, and Viktor & Rolf, into Inspecs’ portfolio, further expanding its offerings alongside brands such as Superdry and Ted Baker.

Led by eyewear veterans Ronald and Johanna Gezang, Ego primarily distributes its products through major optical chains. Inspecs has acquired 100% ownership of Ego Eyewear Limited and its subsidiaries in Sweden and Hong Kong for £6.175 million. The deal also includes a deferred consideration based on Ego’s performance over the next three years. In 2021, Ego is expected to generate £8.9 million in revenue, a significant increase from its £3.4 million in 2020. This acquisition is predicted to have a positive impact on Inspecs’ earnings in 2022.

Inspecs CEO Robin Totterman expressed excitement about the acquisition, emphasizing the potential for expanding the brand portfolio and strengthening the company’s Scandinavian offerings. Totterman highlighted Inspecs’ ability to enhance the global sales development of Ego, pointing to its success and growth in the Nordic region, Japan, and the UK. The inclusion of Ego’s design studio in Stockholm complements Inspecs’ existing teams in the UK, Portugal, Hong Kong, and New York.

This latest acquisition follows Inspecs’ recent announcement of purchasing the partnership assets and liabilities of BoDe Design Vertriebs GmbH & Co. Based in Germany, BoDe Design Vertriebs is a distributor of optical and sunglasses frames, mainly serving the German market. Inspecs already serves as the company’s largest supplier. The acquisition of BoDe Design Vertriebs involved an upfront payment of approximately €1.76 million and includes a deferred consideration.

By executing its acquisition strategy, Inspecs is solidifying its position as a leading player in the global eyewear market. With the additions of Ego Eyewear Limited and BoDe Design Vertriebs, Inspecs is expanding its reach and brand portfolio while capitalizing on opportunities in the industry.

Useful links:

Inspecs official website
Official website of Barbour