EssilorLuxottica: acquisition of Espansione in Italy

(CercleFinance.com) - EssilorLuxottica announces that it has signed an agreement to acquire the Espansione group.


This Italian-based company specializes in the design and manufacture of non-invasive medical devices for the diagnosis and treatment of dry eye, retinal and ocular surface diseases.

For EssilorLuxottica, this agreement represents a major new step in the med-tech field and is in line with the Group's strategy to improve industry standards and the quality of patient care.

Francesco Milleri, Chairman and CEO of EssilorLuxottica, said: 'This investment, which we are proud to make in one of our historic countries, will expand our portfolio of medical devices and strengthen our position in the optical industry. EssilorLuxottica's expansion in med-tech is aimed at improving visual health standards and will continue, in an open and collaborative approach that allows all industry players access to our products and services. '

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