EssilorLuxottica announced on Monday that it had signed an agreement to acquire the division of South Korea’s PUcore dedicated to the development, manufacture and sale of materials for optical lenses.
Reuters
“This acquisition will enable us to broaden our portfolio of patents, technologies and know-how and extend our expertise upstream in the value chain,” commented Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO of EssilorLuxottica, in a statement.
The company, which did not specify the financial terms of the agreement, announced that the transaction is expected to close by the end of 2025, subject to regulatory approvals and other customary closing conditions.
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