Inspecs Group Plc (LON: SPEC) will be acquiring all the equity interests in Eschenbach Holding GmbH for a total consideration of €94.85 million.

  • The company has conditionally agreed for the acquisition and will be paying the full consideration amount in cash at deal closing.
  • The acquisition of Eschenbach Holding marks a major tactical step in the company’s growth as a vertically integrated, international eyewear firm.
  • On 19 November 2020, the stocks of the company surged by 4.76% from its previous closing, hovering at around GBX 220.00 at 08:17 AM GMT+1.

 

 


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