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Eschenbach Optik

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Namestring
Eschenbach Optik
Legal namestring
Eschenbach Optik GmbH
Company typeenum
Private
Founded yearint
1913
Descriptiontext

Eschenbach Optik GmbH is a Nürnberg, Germany-based manufacturer and distributor of optical products, organized into three operating divisions: Eyewear (fashion spectacles and sunglasses, including licensed collections for Marc O'Polo and MINI), Vision Technology Products (low-vision aids and customized visual solutions for visually impaired users), and Sport Optics (binoculars for outdoor and recreational use). The company sells through wholly-owned subsidiaries and local distributor networks across 20+ country markets in Europe (Germany, Austria, Switzerland, France, Italy, Spain, the UK, the Nordics, the Netherlands, Belgium, Czech Republic, Slovakia, Hungary, Poland), North America (US, Canada), and Asia (Japan, China), reaching customers via optical retailers, opticians, and the Eschenbach Online portal. Founded in 1913 and employing 501-1,000 people, Eschenbach emphasizes German-made precision engineering and over 100 years of brand quality as its core value proposition. Its business model is hardware sales through B2B (optical retailers, license partners) and B2C (online portal) channels, with the company operating as a wholly-owned subsidiary of the publicly listed Inspecs Group PLC.

Short descriptiontext

Eschenbach Optik is a German manufacturer of eyewear, low-vision aids, and sport optics, founded in 1913, serving fashion, medical, and outdoor consumer markets through a global subsidiary and distributor network under parent Inspecs Group PLC.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersNürnberg, Germany
HQ citystring
Nürnberg
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices16 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
optical instruments, fashion eyewear, low vision aids, precision binoculars, spectacle frames
Industry6 codes
1Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment)
CodeHLAHAJADPrimaryYes
2Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses)
CodeHLAKAKALPrimaryNo
3Sunglasses (Non-Prescription)
CodeCRAAAKABPrimaryNo
4Binoculars, Scopes & Sport Optics Retail
CodeCRACAHAIPrimaryNo
5Wildlife Viewing & Optics (Binoculars, Spotting Scopes) Retail
CodeCRAMAAAKPrimaryNo
6Sunglasses & Luxury Eyewear
CodeCRAKAEAEPrimaryNo
NAICS code3 codes
  • Ophthalmic Goods Manufacturing339115
  • Optical Goods Retailers45613
  • Ophthalmic Goods Merchant Wholesalers42346
SIC code2 codes
  • Optical Instruments & Lenses3827
  • Ophthalmic Goods3851
Product category
Optical Products and Eyewear
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Eyewear Sales
TypeOne Time License
Description

Traditional eyewear products including spectacles and sunglasses sold through optical retailers and licensed brand partnerships (Marc O'Polo, MINI). Design-focused products targeting fashion-conscious, discerning consumers.

eschenbach-optik.com
2Vision Technology Products
TypeHardware Sales
Description

Low vision aids and visual assistance products customised for individual visual needs, sold through vision technology distribution channels.

eschenbach-optik.com
3Sport Optics
TypeHardware Sales
Description

Binoculars and optical instruments for sports and outdoor use, combining precise optics with modern design.

eschenbach-optik.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1Eschenbach Eyewear
Description

Fashion eyewear and sunglasses division combining design and function for fashion-conscious, discerning people.

eschenbach-optik.com
+2 more records
Core offering1 text field

Eschenbach Optik manufactures and distributes precision optical products across three divisions: fashion eyewear (spectacles and sunglasses, including licensed brand collections for Marc O'Polo and MINI), Vision Technology Products (customised low vision aids and visual assistance solutions for people with visual impairment), and Sport Optics (binoculars for outdoor and sports use). Products are designed and manufactured in Germany with over 100 years of brand heritage, sold through a global subsidiary and optical retail network.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Eschenbach Optik GmbH operates as a traditional German company with three core product divisions: Eyewear (fashion eyewear and sunglasses), Vision Technology Products (customised visual solutions), and Sport Optics (binoculars). These three divisions function as separate sub-brands, each with its own dedicated website and target market. Eyewear serves fashion-conscious consumers, Vision Technology Products addresses professional visual task needs, and Sport Optics focuses on recreational optical equipment. The company emphasizes German design and manufacturing quality across all product lines.

Product and service3 records
1Eschenbach Eyewear
2Eschenbach Vision Technology Products (VTP)
CategoryLow Vision Aids and Visual Assistance
Description

Customised low vision aids and visual assistance solutions addressing individual visual impairment needs and specific professional visual tasks, distributed through specialized vision technology channels.

3Eschenbach Sport Optics
CategorySport Optics and Binoculars
Description

Binoculars and optical instruments for outdoor sports, nature observation, and wildlife viewing, combining precise optics with modern design, high functionality, and careful workmanship for maximum viewing comfort.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierMinorTypeOEM/ Whitelabel/ Licensing Partner
Description

License partner for eyewear products. Eschenbach transmits optician data including customer IDs, address data, item numbers, product descriptions, sales figures, discounts, and customer complaints to the license partner as per contractual obligations.

2MINI
Strategic tierMinorTypeOEM/ Whitelabel/ Licensing Partner
Description

License partner for branded eyewear. As a license partner, Eschenbach may be contractually obliged to transmit optician data to MINI as per licensing agreements.

eschenbach-optik.com
Strategic tierCoreTypeOEM/ Whitelabel/ Licensing Partner
Description

Parent company and brand portfolio owner. Eschenbach Optik is part of the Inspecs Group which owns multiple eyewear brands. References Inspecs Nordic operations for Scandinavian eyewear markets.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

World's largest eyewear and lens conglomerate combining Essilor (lenses), Luxottica (frames/retail), and a portfolio of licensed designer brands. Direct competitor to Eschenbach's eyewear division and a benchmark for global optical distribution.

TypeDirect peer
Description

Italian eyewear manufacturer with a global portfolio of proprietary and licensed brands (Hugo Boss, Tommy Hilfiger, Dior). Direct peer to Eschenbach's Eyewear division in design-led and license-driven optical frames.

TypeBroad incumbent
Description

German precision optics and ophthalmic lens giant. Comparable to Eschenbach on sport optics (binoculars/spotters) and ophthalmic/lens technology, though operating at substantially larger scale.

TypeDirect peer
Description

Premium Austrian binoculars and sport-optics brand; competes head-to-head with Eschenbach Sport Optics in the high-end outdoor observation/wildlife segment.

TypeDirect peer
Description

German premium optics maker with a sport optics (binoculars/rangefinders) line that directly contests Eschenbach's sport optics division on premium positioning.

TypeBroad incumbent
Description

Europe's largest optical retailer with vertically integrated lens manufacturing. Competes with Eschenbach through retail distribution of optical frames and own-brand spectacle lenses.

TypeDirect peer
Description

Major global eyewear manufacturer and licensed-brand distributor (Nike, Lacoste, Calvin Klein). Direct peer to Eschenbach's Eyewear division in licensed designer frames.

TypeDirect peer
Description

Mass-market sport optics leader for binoculars, spotting scopes, and rangefinders. Competes against Eschenbach Sport Optics across outdoor and hunting channels.

TypeBroad incumbent
Description

Japanese optics leader whose sport optics/binoculars business competes with Eschenbach Sport Optics, leveraging Nikon's broader camera and optical brand recognition.

TypeDirect peer
Description

Italian eyewear manufacturer with major licensed-brand portfolio (Tom Ford, Ermenegildo Zegna, Moncler). Closely comparable to Eschenbach in licensed designer-frame strategy.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries15 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Eschenbach Optik

Optical Products and Eyeweareschenbach-optik.com

Eschenbach Optik is a German manufacturer of eyewear, low-vision aids, and sport optics, founded in 1913, serving fashion, medical, and outdoor consumer markets through a global subsidiary and distributor network under parent Inspecs Group PLC.

What Eschenbach Optik does

Eschenbach Optik GmbH is a Nürnberg, Germany-based manufacturer and distributor of optical products, organized into three operating divisions: Eyewear (fashion spectacles and sunglasses, including licensed collections for Marc O'Polo and MINI), Vision Technology Products (low-vision aids and customized visual solutions for visually impaired users), and Sport Optics (binoculars for outdoor and recreational use). The company sells through wholly-owned subsidiaries and local distributor networks across 20+ country markets in Europe (Germany, Austria, Switzerland, France, Italy, Spain, the UK, the Nordics, the Netherlands, Belgium, Czech Republic, Slovakia, Hungary, Poland), North America (US, Canada), and Asia (Japan, China), reaching customers via optical retailers, opticians, and the Eschenbach Online portal. Founded in 1913 and employing 501-1,000 people, Eschenbach emphasizes German-made precision engineering and over 100 years of brand quality as its core value proposition. Its business model is hardware sales through B2B (optical retailers, license partners) and B2C (online portal) channels, with the company operating as a wholly-owned subsidiary of the publicly listed Inspecs Group PLC.

Eschenbach Optik firmographics

Firmographics
Name
Eschenbach Optik
Legal name
Eschenbach Optik GmbH
Website
https://eschenbach-optik.com
Company type
Private
Founded year
1913
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Eschenbach Optik is a German manufacturer of eyewear, low-vision aids, and sport optics, founded in 1913, serving fashion, medical, and outdoor consumer markets through a global subsidiary and distributor network under parent Inspecs Group PLC.
Ownership category
akta.pro rank

Eschenbach Optik industry classification

Industry
Product category
Optical Products and Eyewear
NAICS
Ophthalmic Goods Manufacturing (339115), Optical Goods Retailers (45613), Ophthalmic Goods Merchant Wholesalers (42346)
SIC
Optical Instruments & Lenses (3827), Ophthalmic Goods (3851)
akta.pro primary industry
Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment) (HLAHAJAD)
akta.pro secondary industries
Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses) (HLAKAKAL), Sunglasses (Non-Prescription) (CRAAAKAB), Binoculars, Scopes & Sport Optics Retail (CRACAHAI), Wildlife Viewing & Optics (Binoculars, Spotting Scopes) Retail (CRAMAAAK), Sunglasses & Luxury Eyewear (CRAKAEAE)

Keywords

  • Optical instruments
  • Fashion eyewear
  • Low vision aids
  • Precision binoculars
  • Spectacle frames

Where Eschenbach Optik is headquartered

Location

Headquarters

HQ city
Nürnberg
HQ country
Germany
HQ region
Europe

Offices16 records

Markets served

Eschenbach Optik business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Eyewear Sales: Traditional eyewear products including spectacles and sunglasses sold through optical retailers and licensed brand partnerships (Marc O'Polo, MINI). Design-focused products targeting fashion-conscious, discerning consumers.
  2. Vision Technology Products: Low vision aids and visual assistance products customised for individual visual needs, sold through vision technology distribution channels.
  3. Sport Optics: Binoculars and optical instruments for sports and outdoor use, combining precise optics with modern design.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Eschenbach Optik product offering

Product offering

Core offering

Eschenbach Optik manufactures and distributes precision optical products across three divisions: fashion eyewear (spectacles and sunglasses, including licensed brand collections for Marc O'Polo and MINI), Vision Technology Products (customised low vision aids and visual assistance solutions for people with visual impairment), and Sport Optics (binoculars for outdoor and sports use). Products are designed and manufactured in Germany with over 100 years of brand heritage, sold through a global subsidiary and optical retail network.

Product overview

Eschenbach Optik GmbH operates as a traditional German company with three core product divisions: Eyewear (fashion eyewear and sunglasses), Vision Technology Products (customised visual solutions), and Sport Optics (binoculars). These three divisions function as separate sub-brands, each with its own dedicated website and target market. Eyewear serves fashion-conscious consumers, Vision Technology Products addresses professional visual task needs, and Sport Optics focuses on recreational optical equipment. The company emphasizes German design and manufacturing quality across all product lines.

Differentiator

Problem solved

Functional benefit

Brands

  • Eschenbach Eyewear: Fashion eyewear and sunglasses division combining design and function for fashion-conscious, discerning people.
  • Eschenbach Vision Technology Products
  • Eschenbach Sport Optics

Products and services

  • Eschenbach Eyewear
  • Eschenbach Vision Technology Products (VTP) Customised low vision aids and visual assistance solutions addressing individual visual impairment needs and specific professional visual tasks, distributed through specialized vision technology channels.
  • Eschenbach Sport Optics Binoculars and optical instruments for outdoor sports, nature observation, and wildlife viewing, combining precise optics with modern design, high functionality, and careful workmanship for maximum viewing comfort.

Companies that use Eschenbach Optik

Customer profile

Segments3 records

Ideal customer profiles3 records

Eschenbach Optik technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Eschenbach Optik partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and core.

  • Marc O'PolominorOEM/ Whitelabel/ Licensing PartnerLicense partner for eyewear products. Eschenbach transmits optician data including customer IDs, address data, item numbers, product descriptions, sales figures, discounts, and customer complaints to the license partner as per contractual obligations.
  • MINIminorOEM/ Whitelabel/ Licensing PartnerLicense partner for branded eyewear. As a license partner, Eschenbach may be contractually obliged to transmit optician data to MINI as per licensing agreements.
  • Inspecs Group PLCcoreOEM/ Whitelabel/ Licensing PartnerParent company and brand portfolio owner. Eschenbach Optik is part of the Inspecs Group which owns multiple eyewear brands. References Inspecs Nordic operations for Scandinavian eyewear markets.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Eschenbach Optik competitors and assessment

Company assessment

Broad incumbents

  • EssilorLuxottica: World's largest eyewear and lens conglomerate combining Essilor (lenses), Luxottica (frames/retail), and a portfolio of licensed designer brands. Direct competitor to Eschenbach's eyewear division and a benchmark for global optical distribution.
  • Carl Zeiss (ZEISS): German precision optics and ophthalmic lens giant. Comparable to Eschenbach on sport optics (binoculars/spotters) and ophthalmic/lens technology, though operating at substantially larger scale.
  • Fielmann Group: Europe's largest optical retailer with vertically integrated lens manufacturing. Competes with Eschenbach through retail distribution of optical frames and own-brand spectacle lenses.
  • Nikon (Sport Optics division): Japanese optics leader whose sport optics/binoculars business competes with Eschenbach Sport Optics, leveraging Nikon's broader camera and optical brand recognition.

Direct peers

  • Safilo Group: Italian eyewear manufacturer with a global portfolio of proprietary and licensed brands (Hugo Boss, Tommy Hilfiger, Dior). Direct peer to Eschenbach's Eyewear division in design-led and license-driven optical frames.
  • Swarovski Optik: Premium Austrian binoculars and sport-optics brand; competes head-to-head with Eschenbach Sport Optics in the high-end outdoor observation/wildlife segment.
  • Leica Camera (Sport Optics): German premium optics maker with a sport optics (binoculars/rangefinders) line that directly contests Eschenbach's sport optics division on premium positioning.
  • Marchon Eyewear: Major global eyewear manufacturer and licensed-brand distributor (Nike, Lacoste, Calvin Klein). Direct peer to Eschenbach's Eyewear division in licensed designer frames.
  • Bushnell (Vista Outdoor): Mass-market sport optics leader for binoculars, spotting scopes, and rangefinders. Competes against Eschenbach Sport Optics across outdoor and hunting channels.
  • Marcolin Group: Italian eyewear manufacturer with major licensed-brand portfolio (Tom Ford, Ermenegildo Zegna, Moncler). Closely comparable to Eschenbach in licensed designer-frame strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Eschenbach Optik social profiles

Digital presence

Eschenbach Optik financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Eschenbach Optik leadership team

Management profile

Number of profiles

Profiles1 record

Eschenbach Optik subsidiaries and ownership

Company hierarchy

Subsidiaries15 records

Eschenbach Optik funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Eschenbach Optik M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eschenbach Optik

What does Eschenbach Optik do?

Eschenbach Optik manufactures and distributes precision optical products across three divisions: fashion eyewear (spectacles and sunglasses, including licensed brand collections for Marc O'Polo and MINI), Vision Technology Products (customised low vision aids and visual assistance solutions for people with visual impairment), and Sport Optics (binoculars for outdoor and sports use). Products are designed and manufactured in Germany with over 100 years of brand heritage, sold through a global subsidiary and optical retail network.

Is Eschenbach Optik a public or private company?

Eschenbach Optik is a private company. It is classified as corporate owned and is currently operating.

When was Eschenbach Optik founded?

Eschenbach Optik was founded in 1913. It employs 501 to 1,000 people.

Where is Eschenbach Optik based?

Eschenbach Optik is headquartered in Nürnberg, Germany, in the Europe region.

How does Eschenbach Optik make money?

Three revenue lines are on record. Eyewear Sales are the primary driver. The others are vision Technology Products and sport Optics.

Who are Eschenbach Optik's main competitors?

Broad incumbents on record are EssilorLuxottica, Carl Zeiss (ZEISS), Fielmann Group and Nikon (Sport Optics division). Direct peers are Safilo Group, Swarovski Optik, Leica Camera (Sport Optics), Marchon Eyewear, Bushnell (Vista Outdoor) and Marcolin Group.

Does Eschenbach Optik have an API?

No public API is recorded for Eschenbach Optik.

What industry is Eschenbach Optik in?

Eschenbach Optik's product category is Optical Products and Eyewear. Its primary akta.pro industry code is HLAHAJAD, Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment), with a secondary code of HLAKAKAL, Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses). Its NAICS code is 339115 and its SIC code is 3827.

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Live signals
InvestegateCompany AnnouncementInspecs Group plc has conditionally agreed to acquire Eschenbach Holding GmbH, a leading German eyewear supplier, for €94.85 million in cash to expand its global presence and product portfolio. The acquisition is expected to be earnings accretive in FY21 and will allow Inspecs to penetrate key markets in the USA and Germany while leveraging cost synergies through Asian manufacturing.InvestegateCompany AnnouncementINSPECS Group plc reported a 420% increase in group revenue to $246.5m and a 376% rise in Adjusted Underlying EBITDA to $27.6m for the year ended 31 December 2021, driven by acquisitions including Eschenbach, BoDe Design, and EGO Eyewear. The company also announced its maiden dividend of 1.25p per share and highlighted significant operational expansions in Vietnam and the UK alongside new strategic partnerships with Bosch and Amazon.InvestegateCompany AnnouncementInspecs Group plc announced a conditional agreement to acquire Eschenbach Holding GmbH for €94.85 million in cash, aiming to expand its global presence in the eyewear market. The acquisition targets key markets in Germany and the USA, where Eschenbach is a leading supplier, and is expected to be earnings accretive by FY21.FashionnetworkInspecs admits tough trading conditions as suitors' deadline for offers endsInspecs Group reported tough trading conditions with revenue and EBITDA expectations falling short of prior year levels due to weak consumer demand and US tariff disruptions. The company confirmed that offers from suitors H2 Equity Partners and a Risk Capital Partners/Ian Livingstone Consortium are nearing their deadline for firm intentions, while Italian eyewear giant Eschenbach Group has also made a non-binding offer for Inspecs' German operations.FashionnetworkInspecs admits tough trading conditions as suitors' deadline for offers ends todayInspecs Group, a UK-based eyewear designer/manufacturer/distributor, has reported tough trading conditions driven by weak consumer demand and ongoing US tariff disruptions, expecting revenue of around £191 million and underlying EBITDA of around £17.7 million for the year ending 31 December, down from year-ago revenue of £203.3 million. Multiple suitors have submitted non-binding offers for the company or parts of it, with Italian eyewear giant Safilo confirming interest in Eschenbach Group and BoDe, and proposals from H2 Equity Partners and a Risk Capital Partners/Ian Livingstone Consortium, whose deadline to announce a firm intention was November 20, 2025. While Tura, Inspecs' US-based eyewear company, recorded stronger than expected October sales and order books up 10% on prior year, ongoing tariff disruptions and weak macroeconomic conditions continue to impact product shipment timing.AJ BellInspecs keeps options open as investor urges break-up amid M&A talksInspecs PLC has received multiple unsolicited bids from H2 Equity Partners, a consortium including Risk Capital Partners and Ian Livingstone, as well as an offer from Safilo Group to acquire its Eschenbach and BoDe businesses. Major shareholder First Seagull is urging the company to pursue a sum-of-the-parts divestment strategy, estimating the total value of its divisions at £110 million to £130 million, significantly higher than its current market capitalization. In response, Inspecs has formed a Transaction Committee of independent directors to assess all options while ensuring an investor-friendly outcome.INVISIONMAG.COMInspecs Announces Acquisition of EschenbachInspecs Group has conditionally agreed to acquire all equity interests in Eschenbach Holding GmbH for €94.85 million, paid wholly in cash on closing. Funding comes from a separate placing raising £64 million, bank and accordion facilities, and cash reserves. Eschenbach reported 2019 revenues of €143.3 million and EBITDA of €10.3 million.