Eye care software company Ocuco has entered the Dutch market through the acquisition of B&F Groep, a market-leading optical practice management software (PMS) provider in the Netherlands.
B&F Groep managing director, Hans Lugtenberg (pictured left), will join Ocuco’s senior management team and will also continue to run the B&F Optic subsidiary from Oss in the Netherlands.
All B&F Groep staff will be retained to continue to develop its Apollo and ApolloCS software for its 400-plus customers, who will also have access to Ocuco’s broader product portfolio.
Mr Lugtenberg said: “Now B&F Optics is part of Ocuco, we can deliver continuity in the long term, developing the best software for our customers.
“Our four developers are now part of a team of 60, and in cooperation with suppliers of lenses, contact lenses, and optical instruments, we are now able to develop interfaces and innovative new products across multiple optical technologies.”
Ocuco chief executive and company founder, Leo MacCanna (pictured right), said: “B&F is a great company. The acquisition further strengthens our position in the European marketplace, and from a management perspective, Hans is a particularly talented guy and we are delighted to have him on our team.”
Wells Fargo’s Technology Finance Unit funded the acquisition as part of a €23m credit line for Ocuco. In addition to completing the acquisition, it puts the company in a good position to pursue further acquisitions in the Netherlands region and to expand its research and development.
For more information, visit the company’s website.