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Thursday / February 13.
HomeminewsEssilorLuxottica to Acquire Espansione Group

EssilorLuxottica to Acquire Espansione Group

EssilorLuxottica has entered into an agreement to acquire Espansione Group, an Italy-based company specialised in the design and manufacturing of non-invasive medical devices, protected by international patents, for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases. 

Espansione Group products – including photobiomodulation  (the light modulation low-level light therapy) and intense pulsed light technology – are delivered in 40 countries. 

Francesco Milleri, Chairman and Chief Executive Officer at EssilorLuxottica, said the investment will expand the company’s portfolio of medical devices and solidify its role in the optical industry.  

Espansione Group products – including light modulation low-level light therapy photobiomodulation (and intense pulsed light technology – are delivered in 40 countries

“EssilorLuxottica’s med-tech journey, aimed at elevating vision health standards, will continue to be an open and collaborative one, where our products and services are accessible to all industry players,” he said. 

The transaction is subject to local regulatory review and other customary closing conditions. 

 

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