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Limagrain Continues to Grow

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CHAPPES, France, November 7, 2012/PRNewswire/ — Limagrain has just completed its 2011/2012 fiscal year and can announce a sharp rise in its sales. Within a difficult economic climate, the international agricultural co-operative Group demonstrates once again the relevance of its strategy of consolidating its agricultural base in the Auvergne region while successfully expanding in major agricultural areas around the world.

(Logo: http://photos.prnewswire.com/prnh/20121106/573261 )

Consolidated sales totalled €1,784 M, compared with €1,555 M in 2011, therefore an increase of nearly 15%.

Net profit totalled €88 M, compared with €92 M during the previous fiscal year, but the latter included a windfall profit of €30 M as a result of the sale of equity securities in China. Investment in research rose significantly to €165 M compared with €157 M, therefore 13% of “professional” sales. As of 30 June last, the Group has subsidiaries in 39 countries with almost 7,800 permanent employees.

Daniel Cheron, CEO for Limagrain, comments: “In the current difficult economic context, Limagrain has stayed on course and the increase of around 15% in our sales demonstrates this. Incorporating Brossard into the Bakery Products’ Division has been a great success. The Group is continuing with its international development through sites in new areas, in particular in Brazil with projects involving seeds as well as cereal products and in India with the acquisition of Bisco for field seeds and Century, a specialist in vegetable seeds.”

Limagrain is an international agricultural co-operative group, specialized in field seeds, vegetable seeds and cereal products. Founded and managed by French farmers, Limagrain is the 4th largest seed company in the world through its holding Vilmorin & Cie, European leader for functional flours through Limagrain Cereales Ingredients and 3rd largest French industrial producer of Bread-Viennoiserie-Pastries through Jacquet-Brossard. The Group makes annual sales of more than 1.7 billion Euros and has a headcount of nearly 7,800, spread out over 39 countries, including 1,550 researchers. In Auvergne the Co-operative has 3,500 farmer members. It conducts its business within the framework of a global, sustainable vision of agriculture and agri-food based on innovation and regulation of agricultural markets

For further information: http://www.limagrain.com or http://www.facebook.com/limagrain

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November 8, 2012 at 3:04 pm

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Indian Food, Bollywood and Festivals Voted Top Three Loves Connecting Overseas Indians with India, Says Western Union

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Indians by birth and descent unison in their top loves reveals International Western Union Nielsen survey
MUMBAI, India /PRNewswire/ — The top three iconic characteristics connecting overseas Indians most to their roots are, perhaps not surprisingly, Indian food, Bollywood and festivals reveals an international survey released today by Western Union (NYSE: WU), a leader in global payment services.
Western Union’s “Great loves that binds overseas Indians back home” survey conducted by Nielsen asked Indians by birth or descent across major regions of the world with large Indian diaspora, the top three things that connected them most to India.
Over a fifth (21%) said it was Indian cuisine, 15 per cent named Bollywood films and music and seven per cent said traditional festivals such as Diwali. Rounding out the top five were the sporting game cricket at 6 per cent and Ayurveda herbal healing at five per cent.
Indian food and Bollywood were more easily accessible in their current country of residence than Festival celebrations, Cricket and Ayurveda. It confirms that the cultural spirit and characteristics of India have spread globally just as Indians have crossed borders to live and work across every major region in the world.
The Ministry of Overseas Indians estimates that over 25 million Indians lives overseas in 194 countries based on documented statistics representing Non-Resident Indians and Persons of Indian origin. Western Union in 2011 remitted money from 196 countries into India via its network of more than 110,000 Agent locations located in 6000 towns, 497 cities across all 28 states in India as of 30 September 2012.
The ranking of the top three “Great Loves” was similar for respondents originally from India and those with Indian descent. However, those with Indian descent were more enthusiastic over Bollywood and Festivals, versus those emigrants from India who favoured Indian cuisine and Ayurveda more.
“As company moving money for overseas Indian for more than 19 years from nearly every corner of the globe — we are familiar with their adaptation as global citizens. Western Union’s survey — unsurprisingly proves that the spirit of India has transcended global borders and is alive and kicking just as it is within the Indian nation,” said Kiran Shetty, Regional Vice President and Manager Director, India at Western Union.
“Naturally, what binds Indians overseas and India together most of all is family and friends, no matter where they are spread in the world. Icons of culture also serve to define our national identity, and Indians around the world have very consistent feelings on what those symbols are,” he said.
“It is also encouraging to see that Indian culture is being handed down very effectively around the world, with Indians born overseas identifying with the exact same symbols of India as their parents do.
“In formally documenting the great loves of Indians living or working overseas, it is a great reminder of traditional values. This is timely — as Indians all over the world prepare to celebrate Diwali — the festival of light, celebrating life, its enjoyment and goodness,” Mr Shetty said.
Classical music & dance, places of worship, handicrafts, Indian traditional wear and yoga got greater rankings than Indian weddings, superstitions / myths, palaces and heritage places.
The 12-country survey conducted by Nielsen covered over 600 respondents. Thirty per cent were overseas born and those born in India had a median length of stay of nine years.
For the Indian Info Graphic, please click here.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving US$81 billion of principal between consumers, and 425 million business payments. For more information, visit http://www.westernunion.com.
Western Union media contact:
Pia De Lima, Western Union Asia Pacific
+852-9261-8155 (Hong Kong)
Pia.DeLima@westernunion.com
Source: Western Union

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November 8, 2012 at 2:20 pm

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Tectura and Microsoft Bring the Cloud and Business I.T. to Singapore for the First and Only “Business and Technology Convention 2012”

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This convention enables Enterprising Executives to interact with industry veterans to discuss how technology trends are impacting business and how specific solutions can be leveraged to achieve consistent business growth
SINGAPORE /PRNewswire/ — Tectura and Microsoft host Singapore’s first and only “Business and Technology Convention 2012” on 14 November, 2012, at Microsoft’s Business Productivity Centre in Singapore. Themed “What Today’s Top Executives Should Know for Tomorrow’s Success,” the event will offer attendees a sneak peek into future trends that will impact their business, and the innovative ways through which technology can help them get ready for tomorrow’s success.
“We are living in a volatile business world plagued by continuous and unique industry challenges. Technology can play a very important role in helping us overcome these challenges and make a significant difference in your business. This one-day event is a first in Singapore, bringing together enterprises, Tectura, Microsoft, industry thought leaders and strategic partners. It gives organizations a platform to share and discuss their experiences and insights on the latest business and technology trends, the industry’s best practices for transformation, how to achieve business success through innovative use of technology, and more. I trust that this event will provide an all-encompassing experience and deliver real value for convention attendees,” says Matthew Rogers, Country Manager of Tectura Singapore and Malaysia.
“With ERP solutions like Microsoft Dynamics AX2012, Microsoft Dynamics AX for Retail, and the newly launched Microsoft Dynamics NAV 2013, we partner with Tectura to empower people for greater success, identify opportunities, and enable organizations to extend the possibilities for competitive advantage,” says Sandie Overtveld, Regional Director, Microsoft Dynamics (Asia Pacific).
“We know that both awareness and demand for the agility and affordability of Cloud-based solutions is rapidly rising across the world. Both being part of this event and the recent construction of our data center in Singapore are part of how SaaSplaza and our implementation Partner, Tectura, plan to support this demand. As the worldwide leader in putting Dynamics in the Cloud, SaaSplaza has valuable insights to share with the Asia Pacific business community,” says Herb Prooy, CEO of SaaSplaza, who will be speaking at the convention.
In addition to informative presentations, this event also offers an interactive lunch with a guest speaker on Business Intelligence (BI), as well as an evening reception with event sponsors, presenters and industry professionals. The lunch and reception will provide relaxing opportunities to network and have deeper discussions in order to gain insights into how today’s technology innovations could impact your IT and business needs.
Tectura Convention 2012 is hosted in association with Microsoft and Tectura’s strategic partners including Datawatch, Hewlett-Packard, LS Retail, SaaSplaza, and Toshiba. This signature event is designed exclusively for Enterprising Executives. Admission is free. Register today as places are limited!
For more information, please visit http://www.sg.tectura.com, email: sg.information@tectura.com or call: +65 8467 8572.
Source: Tectura

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November 8, 2012 at 12:31 pm

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Emission Standards and Engine Hardware Changes to Boost Automotive Lubricant Additive Sales in Europe, Says Frost & Sullivan

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Product innovation will be the key to leverage evolving legislative and technology developments
LONDON/PRNewswire/ — Stringent emissions legislations, along with changes in engine hardware and base oil types, are set to promote the greater incorporation of lubricant additives in passenger car motor oils (PCMO) and heavy duty diesel oils (HDDO).
New analysis from Frost & Sullivan (http://www.chemicals.frost.com), European Automotive Lubricant Additives Market, finds that the market earned revenues of EUR 952.3 million in 2011 and estimates this to reach EUR 1,245.8 million in 2017.
Increasingly stringent EU emissions standards are pushing the demand for fuel-efficient vehicles. This is heightening the focus on lubricant performance, which plays a key role in enhancing fuel-efficiency.
“The integration of more additives will serve the triple purpose of reducing carbon emissions, lowering operating costs and reducing fossil fuel consumption,” noted Frost & Sullivan Industry Analyst Sandeepan Mondal. “In addition, the greater penetration of emission control technologies, such as diesel particulate filters and extension of oil drain intervals, will create opportunities for innovative automotive lubricant additives.”
Engine hardware changes aimed at ensuring greater fuel-efficiency and lower emissions will make engine operating conditions harsher. This trend, together with the eventual transition from lower-quality base oils to higher-quality ones, will put pressure on additive manufacturers to create novel formulations.
However, rigorous testing procedures, high development costs and a slowdown in automobile sales threaten long-term growth prospects.
“Developing a single additive type can cost between one and ten million euros,” explained Mondal. “Product development costs, in addition to manufacturing plant outlays, can take between 10-15 years to be recovered.”
The slowdown in automobile sales has affected the automotive lubricant additives market to some extent. However, because of higher treat rates and new formulations, market volumes are, nonetheless, expected to increase.
Overall, economic recovery in Europe and a greater focus on developing better test standards for engine oils can result in reduced development and marketing time for automotive lubricant additives.
“There has to be a focus on product innovation and on developing and marketing engine tests like Sequence IIIG that evaluate piston cleanliness,” concluded Mondal. “This will help in offsetting some of the factors restraining the market.”
If you are interested in more information on this study, please send an e-mail with your contact details to Chiara Carella, Corporate Communications, at chiara.carella@frost.com.
Strategic Analysis of European Automotive Lubricants Additives Market is part of the Chemicals & Materials Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of the European Automotive Paint Additives Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on “the next big thing”
Register: Gain access to visionary innovation
Strategic Analysis of the European Automotive Lubricant Additives Market
M79B-39
Contact:
Chiara Carella
Corporate Communications – Europe
P: +44 (0) 20 7343 8314
M: +44 (0) 753 3017689
E: chiara.carella@frost.com
http://www.frost.com
Source: Frost & Sullivan

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November 8, 2012 at 12:24 pm

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Accenture Innovation Trip Puts Brazil in the Sights of Silicone Valley

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SAO PAULO /PRNewswire/ — To get a close look at companies that are world leaders in innovation, 20 businessmen from LIDE Inovacao and LIDE Jovem got together for the Accenture Innovation Trip to Silicone Valley, California. A treasure trove of companies such as Google, Facebook and Twitter, the region is getting attention from Brazil not only for purposes of exporting innovation, but also to create channels for collaboration.
“The cycle created in the Valley by developers, investors and mentors has given more companies the opportunity and capacity to determine the success or lack of viability of business endeavors,” says Andre Martins, President of LIDE Jovem.
One of the institutions visited by the group was Brazil Innovators, which operates in partnership with Endeavour and brings together young entrepreneurs from the region with Brazilian investors, as well as providing content to foster an entrepreneurial culture in Brazil. With a year and a half of operation and a network of 1,500 collaborators, it has already undertaken five direct investments, including bringing PayPal to Brazil.
Brazil Innovators, led by the Brazilian woman Bedy Young, seeks projects that can be accelerated by 500 Startups, a fund and accelerator of Mountain View. From US$ 25,000 to US$ 50 mil is invested in the company for a 3- to 6-month training, accompanied by coaching in the areas of design, marketing and management, which provide analysis and guidance in such areas as brand expansion and customer capture.
Of the 33 companies “accelerated” by 500 Startups, three are Brazilian. Qual Canal, which has created a technology for monitoring the impact of TV programs on Twitter; Cuponomia, a site that offers coupons to be used for online purchasing; and Mimplt, a platform that makes possible the development of sites and mobile applications even for people with little knowledge of the subject. Those selected will receive funding of US$ 50,000 for the period of the acceleration program, which began on October 4 and goes until the end of February, 2013.
Endeavor Global helps selected entrepreneurs to leverage the business growth curve by exchanging experiences with a network of mentors. It is the only place where going bankrupt is one of the basic steps to take by anyone seeking success. It is all the result of an entrepreneurial culture, with a basic formula for how to win in this setting: lots of attempts added to lots of work.
Contact for the media: Rose Rocha – CDN Comunicacao Corporativa
Phone: 55 11 3643-2952
Source: Accenture Innovation Trip

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November 8, 2012 at 11:56 am

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Existing Franchisee Acquires 120 Unit Kentucky Fried Chicken Portfolio from Yum Brands, Inc.

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DALLAS /PRNewswire/ — Mitra QSR KNE, LLC (Mitra) and its capital partner, Chalak Growth Capital Fund, LLC (Chalak), recently closed on a large acquisition of KFC/Taco Bell units in the Northeast part of the United States for an undisclosed amount. The transaction includes 78 KFC units, 39 KFC/Taco Bell co-branded units, and 3 KFC/Long John Silver’s co-branded units. The 120 unit transaction spreads across 6 states (Virginia, Maryland, Delaware, Pennsylvania, West Virginia, and New Jersey). The Mitra team is led by Co-CEOs, Pushpak and Manish Patel. The Chalak team is headed by the principals of The Chalak Group, Inc., who in addition to being the private equity capital source behind the transaction, are also owners and operators of the 100 unit chain, Genghis Grill-The Mongolian Stir Fry, and the regional fast casual chain, Baker Bros-American Deli. The principles of Mitra and Chalak are also partners together in 33 additional KFC/Taco Bell units in Texas, Oklahoma, Kansas, Missouri, and Illinois. This transaction will make Mitra one of the largest KFC franchisees in the system.
“Being one of the biggest divestures that KFC Corporation has ever undertaken, this was a very complex transaction between Yum Brands, Inc.’s M&A division, KFC Corporation, Taco Bell Corporation, Wells Fargo and Mitra. It was however, extremely amazing how all of the teams came together to make this transaction a reality,” says Manish Patel, Co-CEO of Mitra. “We are excited about the prospects of this portfolio and incorporating all 3,000+ team members into our culture and organization,” he says.
“Mitra has proven to be one of our strongest partners in the portfolio of companies we are involved in. Manish and Pushpak are strategic thinkers that have the clear aptitude to pull off an acquisition of this size. We see a continued bright future for both The Chalak Group and the Mitra team,” says Al Bhakta, Chief Executive Officer of The Chalak Group, Inc.
The transaction finalized in Mid-August and the transition has been underway since. Mitra retained all of the employees from a unit level standpoint and above store level standpoint. There are two corporate offices, one based in Dallas and a regional office for support services based in the Northeast.
“Becky Brown and her entire team at Wells Fargo exceeded our expectations as they guided us through the process,” said Pushpak Patel, Co-CEO of Mitra. “Each member of the Haynes and Boone legal team as well as the folks at Metropolitan Capital Advisors all played a pivotal role in closing this deal.”
Haynes and Boone, LLP represented Mitra on the transaction as their counsel, Metropolitan Capital Advisors served as the Investment Banking firm and Wells Fargo Restaurant Finance provided the Debt behind the transaction.
MEDIA CONTACT
Chiara Granado
The Chalak Group
214-382-0049
info@chalakgroup.com
ABOUT THE CHALAK GROUP
The Chalak Group, Inc. consists of a group of young dynamic entrepreneurs that own and operate multiple restaurant brands. In addition to owning and operating restaurant concepts, the group raises their own private equity capital for strategic growth and acquisition initiatives. Since the formation of the Chalak team in 1998, the group has raised close to $50 million in equity from private placements. The Chalak Group has a strong history of generating positive returns for their investors. The group currently owns and operates 260 restaurants and has investments in various hotel projects. The restaurants are Genghis Grill-The Mongolian Stir Fry which is a 100 unit chain based in Dallas, the 14 unit Baker Bros-American Del chain, a full service craft cocktail/scratch cooking concept called Pepper Smash, franchise partner with Mitra QSR in 150+ KFC/Taco Bell units in 12 states. For more information, visit http://www.thechalakgroup.com.
ABOUT MITRA QSR
Mitra, which means “friend, partner, and alliance”, stands as the underlying philosophy of the company. The Mitra team is led by Co-CEOs, Pushpak Patel and Manish Patel. In 2009, Mitra opened its first KFC/Taco Bell unit in Anna, TX and established themselves as strong operators in the YUM Brands system. An opportunity presented itself to buy out an existing franchisee with 32 units in the 4 states of Illinois, Kansas, Missouri and Oklahoma (Midwest). Over the last 2 years, Mitra has been able to successfully turn a declining Midwest market into a financially and operationally healthy market. Mitra prides itself on operational excellence, strong financial controls, and more importantly on building and providing opportunities to our #1 asset, OUR PEOPLE.
ABOUT WELLS FARGO RESTAURANT FINANCE
Wells Fargo Restaurant Finance division provides financial services to corporate restaurant brands, large multi-unit restaurant franchisees, commercial real estate investors who own restaurant properties, private equity firms, and other investors in restaurant concepts.
ABOUT METROPOLITAN CAPITAL ADVISORS
Since 1992, Metropolitan Capital Advisors has closed in excess of $8 billion of debt and equity transactions on behalf of a multitude of commercial property owners, developers and investors. National Real Estate Investor ranked Metropolitan Capital Advisors No. 20 on its Annual Top Financial Intermediaries list. Metropolitan Capital Advisors’ staff has expertise and capabilities in a vast array of debt and equity services, including construction and permanent debt, structured finance, and portfolio transactions. MCA Senior Director Sunny Sajnani advised Mitra and The Chalak Group throughout the transaction.
ABOUT HAYNES AND BOONE, LLP Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 525 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal and has been named a “Top Corporate Law Firm in America” (Corporate Board Member Magazine, 2001-2012).
Source: The Chalak Group

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November 8, 2012 at 11:01 am

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New CEO Succession Offering Launched by Korn/Ferry in Asia Pacific

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– Asia Pacific leadership environment requires boards to create effective succession planning strategies –
GURGAON, India /PRNewswire/ — Korn/Ferry International (NYSE:KFY),a premier global provider of talent management solutions, today announced the launch of the Korn/Ferry CEO Succession offering in Asia Pacific. Smita Anand, a Senior Partner and Managing Director in Korn/Ferry’s Gurgaon office will lead this offering in the Asia region.
The Asia Pacific region is in the midst of a significant shift in leadership, with the first and second generation entrepreneurs and business leaders handing over the baton to the next generation. This trend is increasingly evident across markets like India, China, Singapore, Malaysia, Indonesia, Korea and Japan. The new generation of CEOs is often younger (mid 30’s to 40’s) and is bringing a dynamism and global-thinking to the role. Boards are eager to make sure that the transition is smooth and the resulting shift in organization culture is accretive to the value of the enterprise.
The Korn/Ferry CEO Succession offering has been designed through collaboration with a wide range of board clients where Korn/Ferry assisted with the CEO succession process. It identifies and develops future CEOs within the organization in order to systematically enhance the internal leadership bench, while also keeping a close eye on external talent. The process incorporates Korn/Ferry’s validated proprietary technology and provides strategies to overcome the most common barriers to effective succession planning.
“We are excited to leverage our knowledge of boards and CEOs as well as our understanding of the Asian business context to help our clients navigate this transition effectively,” said Smita Anand, Asia Pacific leader of Korn/Ferry’s CEO Succession Practice. “Korn/Ferry is uniquely positioned to build on its global experience in this area and align its services to key trends impacting organizations in Asia.”
Three dominant shifts in the region impacting succession planning include:
— Family-run businesses moving to professional management and independent boards.
— First generation entrepreneurs / founders transitioning to the next generation of leaders.
— Asian Enterprises globalizing and building a diverse and global leadership team.
Key components of Korn/Ferry CEO Succession include:
— Directly aligning future CEO criteria with short-, mid-, and long-term business strategy.
— Using externally validated, research-based assessment tools to identify high potentials and develop a deep bench of executive talent.
— Benchmarking internal and external talent against the same validated competency profiles.
— Expanding the pipeline of leadership talent available to the company through on-going mapping of the external marketplace.
— Beyond compliance, delivering succession options that maximize company value and minimize transition disruption.
“CEO Succession is one of the most significant business challenges for boards in Asia at the moment,” added Indranil Roy, Managing Director of Korn/Ferry’s Leadership and Talent Consulting business in Asia. “We are committed to serving our clients in this space, and Smita brings the right set of experience and credentials to lead this practice for us.”
“Most clients are surprised to learn that within future generations of talent, they already have five to seven future CEO’s inside their company. They just need to discover and develop them,” said Peter Thies, Senior Partner, Korn/Ferry Leadership and Talent Consulting and Co-Leader of Korn/Ferry’s new succession offering. “Our executive assessment and development tools help boards and CEOs more accurately predict which leaders have the greatest potential for enterprise-wide leadership roles in the future.”
About Korn/Ferry International
Korn/Ferry International is a premier global provider of talent management solutions, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The firm delivers services and solutions that help clients cultivate greatness through the attraction, engagement, development and retention of their talent. Visit http://www.kornferry.com for more information on Korn/Ferry International, and http://www.kornferryinstitute.com for thought leadership, intellectual property, and research.
Source: Korn/Ferry International

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November 8, 2012 at 10:40 am

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Bausch + Lomb to Acquire Technolas Perfect Vision GmbH

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ROCHESTER, N.Y. and MUNICH /PRNewswire/ — Bausch + Lomb, the global eye health company, announced today that it has exercised its option to purchase all outstanding and unowned shares of Technolas™ Perfect Vision GmbH (TPV), a leading ophthalmology laser company. Technolas Perfect Vision 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. The deal is expected to close at the end of January 2013.
Bausch + Lomb and Technolas Perfect Vision entered into a co-promotion agreement back in September 2011, which also included an option for Bausch + Lomb to purchase the company if certain key milestones were achieved. Since that time, the companies have leveraged their combined cataract and refractive expertise and commercial capabilities to promote and further advance the VICTUS™ femtosecond laser, which is capable of supporting cataract and corneal procedures on a single platform. In the last twelve months, the VICTUS platform received marketing approval from regulatory authorities in Europe and the U.S., and the companies are continuing to file registrations in other parts of the world as they accelerate the roll-out.
“Our acquisition of Technolas Perfect Vision represents an important milestone for Bausch + Lomb, but perhaps more importantly, for cataract and refractive patients worldwide,” said Brent Saunders, president and chief executive officer, Bausch + Lomb. “The Technolas Perfect Vision team has built a great company and from my perspective, the most innovative ophthalmic lasers in the industry.”
“Our systems for refractive and cataract procedures complement Bausch + Lomb’s surgical portfolio and will help accelerate our expansion into the faster growing segments of the ocular surgery market,” said Kristian Hohla, Ph.D., chief executive officer of Technolas Perfect Vision. “Together, we’ve proven our ability to introduce and market the highly innovative and differentiated VICTUS Femtosecond Laser Platform, and we look forward to working with our Bausch + Lomb colleagues to further advance ocular surgery using other laser-based technologies.”
Adds John Barr, executive vice president and president, Bausch + Lomb Global Surgical, “Technolas Perfect Vision’s unique femtosecond and excimer laser platforms complement our broad-based product offering of equipment, instruments and intraocular lenses for cataract and vitreoretinal surgery, making us the ‘one-stop shop’ for eye surgeons. Our goal is to provide a compelling choice of products to fit the specific needs of their practice and patients. We intend to continue to invest in development and clinical programs that build upon their strong leadership position in laser-based surgical platforms. We look forward to working with Kristian and his team to provide physicians with systems that improve a wide range of sight-enhancing surgeries.”
About Technolas Perfect Vision
Technolas Perfect Vision GmbH is a leading ophthalmology laser company, formed through a joint venture between Bausch + Lomb, and 20/10 PERFECT VISION AG. Technolas Perfect Vision has a full range of expertise in both femtosecond and excimer businesses. Current innovations focus on laser cataract surgery and the correction of presbyopia with the SUPRACOR™ laser treatment. More information is available at http://www.technolaspv.com/ and http://www.better-reading-vision.net/.

About Bausch + Lomb
Bausch + Lomb is one of the best-known and most respected healthcare companies in the world. Its core businesses include contact lenses and lens care products, ophthalmic surgical devices and instruments, and ophthalmic pharmaceuticals. Founded in 1853, the company is headquartered in Rochester, NY, and employs roughly 11,000 people worldwide. Its products are available in more than 100 countries. More information is available at http://www.bausch.com/.
VICTUS is a trademark of Bausch & Lomb Incorporated or its affiliates.
TECHNOLAS™ and SUPRACOR™ are trademarks of TECHNOLAS™ Perfect Vision GmbH.
© 2012 Bausch & Lomb Incorporated.
News Media Contacts:
Jeanie Herbert
Global Surgical Communications, Bausch + Lomb
(949) 521-7948, (714) 325-3584 (mobile) or jeanie.herbert@bausch.com
Elizabeth Murphy
Global Communications, Bausch + Lomb
(585) 338-8528 or elizabeth.murphy@bausch.com
Tad Heitmann
BioComm Network on behalf of Bausch + Lomb
(714) 273-2937 or theitmann@BioCommNetwork.com
Lindsay Brooks
Manager, Medical Communications, Technolas Perfect Vision
+44 7825 769 007 (mobile)
l.brooks@technolaspv.com
Source: SOURCE Bausch + Lomb

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November 8, 2012 at 10:07 am

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