Luneau Technology Group (Luneau Tech), one of the global leading players in the optical medical equipment market (optometric and edging products) has finalised a strategic investment in Chinese partner Ming Sing Optical (MSOC).
MSOC is a Chinese based (Shanghai region) manufacturer and distributor of optometry equipment.
Both companies had already established a working partnership with successful manufacturing and distribution agreements in the Chinese market prior to this investment.
Luneau’s investment strengthens this partnership and will allow Luneau to further expand its geographical footprint in Asia with new manufacturing, sourcing capacities and access to local market whilst Ming Sing further expands the development of its portfolio of products within Luneau group.
After the acquisition of AIT in the U.S. and of Haag Streit’s French assets, this is Luneau’s 3rd selective external growth development since MML’s investment in early 2015.
Henry-Louis Mérieux, Managing Partner at MML comments: “After several years of strong growth in Europe and America in particular, this partnership between two groups that know each other very well is a new milestone in Luneau’s global growth strategy, supporting its development in the strategically important Asian market with the joint fruitful enhancement of this partnership with Ming Sing”.
MML Capital Partners (“MML”) backed IQARUS (www.iqarus.com) has acquired C-CHEC, a leading occupational hygiene consultancy. MML invested into IQARUS in October 2015 as a platform from which to develop an international player in healthcare solutions for remote environments.
C-CHEC provides a range of services to detect and control hygiene risks in the workplace. The C-CHEC acquisition enhances IQARUS’s medical and occupational health capability in what is an extremely important area for its clients in ensuring the welfare of employees.
Tim Mitchell, CEO of IQARUS comments: ’This strategic acquisition will be the first in a series that will transform the provision of healthcare solutions for challenging environments. C-CHEC are market leaders and highly respected within the global oil and gas industry and other sectors; we are very proud to now be offering this expertise. We see significant benefits to clients in delivering hygiene consultancy in tandem with medical and health provision as part of our holistic approach to managing the health and wellbeing of our clients’ workforces.’’
Luke Jones, MML, comments: “The services provided by C-CHEC are extremely complimentary to IQARUS’s current offering and strategy. We look forward to continuing to support Tim and his team in executing their ambitious growth plans.”