Bausch + Lomb has announced it will purchase all outstanding and unowned shares of Technolas Perfect Vision GmbH, according to a news release.
TPV is an ophthalmology laser company. It was established in 2009 through a joint venture between Bausch + Lomb and 20/10 PERFECT VISION AG with a focus on developing and selling advanced refractive and cataract technologies.
"Our acquisition of Technolas Perfect Vision represents an important milestone for Bausch + Lomb, but perhaps more importantly, for cataract and refractive patients worldwide," said Brent Saunders, president and CEO of Bausch + Lomb, in the release. "The Technolas Perfect Vision team has built a great company and from my perspective, the most innovative ophthalmic lasers in the industry."
Terms of the deal were not released.
The deal is expected to close at the end of January 2013.
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