JAN 28, 2013
Bausch & Lomb has completed its acquisition of German ophthalmic laser specialist Technolas Perfect Vision GmbH (TPV). The new entity will be known as Bausch & Lomb Technolas. The 450 million euro acquisition was first announced in September.
"The (TPV) team, led by CEO Dr. Kristian Hohla, has built a 'best in class' femtosecond laser platform and other exciting ophthalmic products that round out Bausch & Lomb's surgical product portfolio and position us to become a 'one-stop shop' for ophthalmic surgeons," said Bausch & Lomb President and CEO Brent Saunders.
TPV was established in 2009 through a joint venture between Bausch & Lomb and 20/10 Perfect Vision AG to develop and sell advanced refractive and cataract technologies.
Since December 2011 the two companies have been co-promoting the Victus femtosecond laser, which can perform both cataract and refractive procedures on a single platform. The Victus received marketing approval in Europe in 2011 and received key clearances from the FDA in July 2012. TPV is also developing excimer lasers for advanced refractive procedures and in the European Union is commercializing Supracor, a new technology for the treatment of presbyopia.