EssilorLuxottica acquires Espansione Group

EssilorLuxottica has acquired Espansione Group, an Italy-based provider of non-invasive medical devices for the treatment of dry-eye, ocular surface and retinal diseases, subject to review.

The agreement marked a step forward for EssilorLuxottica in the medical technology (med-tech) space, in line with the group’s strategy of elevating vision health standards and improving the quality of patient care solutions.

Francesco Milleri, chair and chief executive officer at EssilorLuxottica, commented: ‘We are pleased to welcome the pioneering Espansione into our group. This investment will expand our portfolio of medical devices and solidify our role in the optical industry.’

He added that EssilorLuxottica’s med-tech journey would remain open and collaborative, with its products and services being accessible to all industry players.