EssilorLuxottica buys Italian tech eyewear manufacturing firm Faro

EssilorLuxottica said it acquired Faro, a small Italian company specializing in high-precision technologies for eyewear manufacturing. The deal expands the group’s technical capabilities and fits a technology-and-innovation theme, but no purchase price or financial impact was disclosed. The announcement is positive but likely routine for the stock.

Analysis

EssilorLuxottica said it acquired Faro, a small Italian company specializing in high-precision technologies for eyewear manufacturing. The deal expands the group’s technical capabilities and fits a technology-and-innovation theme, but no purchase price or financial impact was disclosed. The announcement is positive but likely routine for the stock.