Shamir Optical Industry

Company Overview

Snapshot

Founded in January 1972, Shamir Optical Industry is a Health Tech & Life Sciences company with over 500 employees. The company was acquired by EssilorLuxottica in August 2022.

Business overview

Shamir Optical Industry manufactures high-quality progressive and single-vision lenses and molds for the ophthalmic industry. Its product line, distributed through a network of partner optical laboratories, includes molds, lens and mold designs, semifinished progressive lenses, single-vision lenses, and finished back-surface progressive lenses. The company utilizes its proprietary, patented EyePoint Technology, a software program that employs ray tracing to compute optical properties and simulate human vision, serving markets globally.

Strategic signal

In December 2022, Shamir Optical Industry selected IMDT's 3D stereo vision technology to power its next-generation digital measurement device. This partnership signals Shamir's continued investment in advanced technological integration to enhance its product offerings and maintain its competitive edge in the ophthalmic lens market, indicating a strategic focus on innovation post-acquisition.

Company Intelligence Q&A

What was a significant corporate event for Shamir Optical Industry in 2022?

In August 2022, Shamir Optical Industry was acquired by EssilorLuxottica, which purchased the remaining 50% stake in the company.

What technology partnership did Shamir Optical Industry announce in late 2022?

In December 2022, Shamir selected IMDT's 3D stereo vision technology to power its next-generation digital measurement device, enhancing its product development capabilities.

What was the nature of the partnership between Shamir Optical Industry and Essilor in 2011?

In July 2011, Kibbutz Shamir and Essilor completed the acquisition of 50% of Shamir Optical Industry by Essilor, forming a jointly owned private company.

What strategic partnership did Shamir Optical Industry form in February 2020?

In February 2020, Shamir Optical Industry partnered with Japan's optics giant, Paris Miki, to expand its market reach and product distribution.

How did Shamir Optical Industry support first responders in April 2020?

In April 2020, Shamir announced the VisionFIRST initiative, providing complimentary prescription lenses to first responders.