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Eyeing the Future, Shamir Looks to Lenses and Beyond. Shamir Optical closed the second quarter of 2010 with revenues of $41 million, up 16.3% over the parallel quarter last year. KIBBUTZ SHAMIR, Israel and CHARENTON-LE-PONT, France—Shamir Optical Industry Ltd. (Nasdaq: SHMR), Kibbutz Shamir and Essilor International (NYSE Euronext: EI) today announced that they have signed an agreement whereby Essilor will, through a series of transactions, … A 75% majority of shareholders must approve the transaction, but this is almost a foregone conclusion since Kibbutz Shamir currently owns 63%. Under certain circumstances, Shamir Optical would be required to pay Essilor termination fees of $11 million. This represents a premium of 24% over the stock's trading price on the eve of the announcement, and a 57% premium over the stock's average price over the last three months. The company … The transaction, expected to close in mid-2011, is subject to regulatory and tax approval, the aforementioned approval of Shamir Optical's shareholders, and the approval of the Nazareth District Court. KIBBUTZ SHAMIR, Israel— Shamir Optical Industry has a well-earned reputation for its innovative spectacle lens designs. Essilor to Acquire 50% of Shamir Optical. Its Autograph Intelligence progressive lens design has been recognised with multiple international awards for Lens Product of … Most people with lower Add values happen to be younger and spend a lot of their time on their smartphones and PCs and tablets. The optical enterprise, Shamir Optical Industry, is a fully incorporated stock company and is quoted on NASDAQ. For January-September 2004, Shamir Optical reports netting $5.2 million on turnover of $51 million, up from netting $2.4 million on sales of $43 million in the same period of 2003. In mid-2011 France's Essilor International acquired a 50% stake in Shamir. Shamir's UK turnover was £[ ] million in 2009. MadCatUSA. Shamir lenses. Shamir Blue Zero lenses provide built-in protection from the potentially harmful effects of HEV (High Energy Visible) light, commonly known as blue light. Who owns Lens.com? Charenton-le-Pont, FRANCE. After the transaction, Shamir Optical will be de-listed from NASDAQ and the Tel Aviv Stock Exchange. The company is forecasting revenues for 2010 will be $157 million to $164 million. 10 Shamir Insight reviews. Through its partnership with Eyal Optical Industry, Shamir becomes a manufacturer of advanced, high quality plastic lenses. BREAKING NEWS. Just last week Royce Funds sold half of its holdings in the company. Emanating from artificial light and digital screens that increasingly surround us, prolonged exposure to blue light increases risk of * PDF or Word document The transaction will be carried out as a merger and not as a tender offer, which would have required approval from 95% of shareholders. Essilor trades on the Paris Bourse at a market cap of $14.7 billion and has about 34,800 employees. Shamir Optical Industry Ltd us one of the world's leading manufacturers of high-quality progressive lenses and moulds. Shamir also provides design services to optical lens producers. Moshe at Shamir Optical Industry’s. | 11,780 followers on LinkedIn. At a time when patients expect more from their lenses, Shamir Glacier PLUS UV provides a complete package of clarity and comprehensive UV protection in a state-of-the-art lens. View Profile View Forum Posts View Blog Entries View Articles ... Essilor owns Shamir now as well! Essilor is responsible for creating Varilux, the world's first progressive lens, which corrects presbyopia and allows clear vision in the wearer's near, intermediate and far vision. EssilorVirtualExperience.com: Best-in-class customer immersive journey! Lenses come in clear, Transitions, XTRActive, polarized and Blue Zero to suit every patient’s needs. Other large shareholders include Kibbutz Eyal with almost 5%, and Royce Funds, controlled by Royce & Associates, with another 5%. In June, the media reported that the two companies were talking, but sources close to Shamir Optical had denied a deal was in the works. Shamir Optical Industry Itd. Shamir owns 60 percent of Shalag, worth NIS 130 million, and 40 percent of Spuntech, which is worth NIS 101 million. Other large shareholders include Kibbutz Eyal with almost 5%, and Royce Funds, controlled by Royce & Associates, with another 5%. two prescription laboratories and several distribution centers, headquarters in Kibbutz Shamir, Israel. The French company, which dominates the worldwide corrective optical lens industry, will be acquiring 50% of kibbutz-based company Shamir Optimal's share capital. Netzer added that the company did not intend to lay off employees, and actually was likely to hire more workers as a result of the merger. An Essilor distributor, through the Varilux® and Shamir lenses in Colombia, Servi Optica is the market’s leading distributor of ophthalmic lenses Mexico : Sistemas Ópticos Integrales, S.A. de C.V (SOI), (Mexico) an ophthalmic lens distributor based in Oaxaca state. Shamir Optical Industry Ltd us one of the world's leading manufacturers of high-quality progressive lenses and moulds. Kibbutz Shamir controls the company. The companies' goal is to bring about strategic cooperation in product development, he said. Essilor owns Shamir now as well! Because as statistics show the way the time spent on the computer or smartphone changes with the Add Value. "The transaction will create synergies and provide Shamir Optical with additional resources to invest in its development.". The Bottom Line At a time when patients expect more from their lenses, Shamir Glacier PLUS provides a complete package of clarity and comprehensive protection in a state-of-the-art lens. It’s that time of year again – 100% Optical is fast approaching and this time we’re bringing an exciting and exclusive launch, set to shape the future of lenses. They are distributed to Europe and the US through subsidiaries, including Germany's Shamir Optic and the US's Shamir Insight. Raanan Naftalovich, left, and Yagen. Today Shamir operates two manufacturing facilities for molds and semi-finished lenses in Israel and operates 16 laboratories throughout the world with a total workforce of some 2,100. [citation needed]The kibbutz also earns money from tourism; it offers views of Mount Hermon to the north and the Hula Valley below the kibbutz. Kibbutz Shamir, Israel and Charenton-le-Pont, France [0ctober 15, 2010 – 8:30 a.m. CEST] – Shamir Optical Industry Ltd. (Nasdaq: SHMR ) (“Shamir Optical”), Kibbutz Shamir and Essilor International (NYSE Euronext: EI ) (“Essilor”) today announced that they have signed an agreement whereby Essilor will, through a series of transactions, acquire 50% of Shamir Optical. The activities of Shamir's UK subsidiaries are limited to glazing and distribution of finished lenses. of Shamir is the manufacture and supply of finished glass and plastic ophthalmic lenses to opticians worldwide. An entity of Shamir Optical Industry Ltd, which was established in Israel in 1972, Shamir Australia began producing spectacle lenses in Brisbane in 2006. They own the lens designs for most of the progressive lenses on the market. By taking both vertical and horizontal meridians into account when determining ideal focal point(s), Shamir is able to make lenses specifically for how each person will be using them. For better navigation,we recommend viewing the sitein portrait mode, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, Addressing the global need and reaching the 2.7 billion underserved, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, #02 Presbyopia: Improving vision for today’s consumers & lifestyles. By sending the form above, I acknowledge that I have read the Privacy Notice and that I have been fully informed of the terms and conditions under which Essilor International processes my personal data. Who owns Lens.com? Essilor will be paying $15.30 per share, which includes a special dividend of $0.80 per share in November, plus $14.50 in cash. In the second half of 2008, it had revenues of 1.55 billion euros ($2.19 billion ) and net profit of 184 million euros ($260 million ). Side note by Michael Penczek The funny part about the sharp field of view is that Shamir is able to achieve this without special devices needed for the manufacturing process of the Autograph Intelligence. Shamir Optical will be represented by attorneys Shachar Hadar and Nir Poleg of the Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. law offices. Established in 1972 as a manufacturer of bifocal lenses, and quickly moving into development of progressive lenses, Shamir is ranked among the world’s top ten progressive lens manufacturers. Net profit for the second quarter this year was $4.3 million, an increase of 12.6% over the figure from the parallel, $3.9 million. Varilux progressive lenses provide sharp vision and … Essilor International S.A. is a French-based international ophthalmic optics company that designs, manufactures and markets lenses to correct or protect eyesight. The only threat to Essilor’s total dominance of the prescription lens market was Shamir in Israel. The Bottom Line. PROGRESSIVE LENSES VS. BIFOCALS. Essilor wasn't interested in buying the kibbutz's holdings but might make a tender offer, they said at the time. Shamir lenses. 10/15/2010 6:15 AM Essilor to Acquire 50 Percent of Shamir Optical. Shamir Autograph Intelligence. 2002 - On the map in Europe. Shamir Optical Industry Ltd., Kibbutz Shamir and Essilor International today announced the successful acquisition of 50% of Shamir Optical by Essilor. Shamir Optical will become consolidated into Essilor's operations once the transaction is complete. Lenses come in clear, Transitions, XTRActive, polarized and Blue Zero to suit every patient’s needs. Essilor will be purchasing the 37% of the company's shares that are publicly held, and the remaining 13% from Kibbutz Shamir. Its headquarters is in Charenton-le-Pont, France. Shamir Insight, Inc., manufacturer of premium progressive lenses, is launching their newest Freeform design, Shamir Autograph III ® – A New Visual Experience. Shamir also manufactures ophthalmic substrate. Shamir Insight, Inc. is established as the US distribution center supplying semi-finished lenses to labs across the USA. Eye-Point Technology AI™ Continuous Design Technology™ Visual AI Engine™ Eye-Point Technology® III ; Intellicorridor™ Natural Posture™ As-Worn Quadro™ Please attach your CV and letter of motivation which we will review carefully. Specifically, Shamir lenses use Head Eye Integrative Movement Software (HEIMS) to “see” which location(s) human beings actually look through an eyeglass lens. Economy. Although the Israeli company has produced lenses since the 1970s, it distinguished itself in the late 1990s with its progressive lens … As of 2006, Shamir was one of the most prosperous kibbutzim in Israel, producing honey, toiletries, and advanced optical products. 10-24-2017, 03:42 PM #2. It's now official: The long-rumored merger of Shamir Optical Industry and Essilor International was announced late last week. Check treatment prices, read reviews and book appointments. Famous for its innovation, technological sophistication ad rigorous quality assurance practices, Shamir has snowballed into a global enterprise with a competitive edge. 2001-02... 2001 - A new product line. A 75% majority of shareholders must approve the transaction, but this is almost a foregone conclusion since Kibbutz Shamir currently owns 63%. TRANSACTION 5. The company ended the second half of 2009 with revenues of 1.6 billion euros ($2.33 billion ) and net profit of about 192 million euros ($278 million ). Lenscrafters, Pearle Vision, Target, and Sears Optical are owned by Essilor who own roughly 60 to 80% of all optical lenses on the market (including progressive lenses), Essilor also wholly owns the Varilux line of Progressive Lenses as well as Crizal, Transitions Lenses, and now own 51% of SHAMIR. Famous for its innovation, technological sophistication and rigorous quality assurance practices, Shamir has snowballed into a global enterprise with a competitive edge. "This venture places Shamir Optical in a position to accelerate development of new products and to strengthen its presence in the market by using Essilor's R&D capabilities, notably in coatings, and its worldwide distribution network," said Amos Netzer, CEO of Shamir Optical. Because the blurry parts of the lens design on the left and right in the lower half of the progressive lenses change with an altered length. #01 Connected life: take care of your eyes! 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