Press release 11-16-2004
Horgen, 16 November 2004 – As announced in September, Schweiter Technologies is acquiring the LOH Group, the global leader in spectacle lens surface treatment. An agreement with LOH’s family shareholders on the acquisition of all company shares was signed to take effect as of 1 November 2004. The merger with Schweiter Technologies’ Satis Vacuum division will create an all-in provider for the treatment of spectacle lenses with a world market share of over 60%. LOH posted sales of CHF 102 million in 2003, and Satis Vacuum reported sales of spectacle lens coating machines of CHF 65 million.
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