Bausch & Lomb Inc., a Rochester, N.Y.-based supplier of eye health products, has exercised its option to purchase all outstanding and unowned shares of ophthalmology laser company Technolas Perfect Vision GmbH.

Terms of the deal were not disclosed.

Technolas Perfect Vision, founded in 2009 through a joint venture between Bausch & Lomb and 20/10 Perfect Vision AG, develops and sells advanced refractive and cataract technologies.

The deal, expected to close in January 2013, is meant to improve both companies' capabilities with regards to ocular surgery using laser-based technology.

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