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Carl Zeiss Meditec acquires California-based intraocular lens manufacturer Aaren Scientific in a deal worth $70 million.

Carl Zeiss expands lens portfolio with $70M Aaren Scientific buy

Optical lenses maker Carl Zeiss Meditec (ETR:AFX) paid $70 million to acquire 100% of the assets of intraocular lens manufacturer Aaren Scientific, the companies announced this week.

The move is designed to give Zeiss a wider IOL portfolio that will allow the company to provide ophthalmic surgeons with tailored products, Zeiss Meditec president & CEO Dr. Ludwin Monz said in prepared remarks.

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