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.
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.
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mildly positive
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