PARIS: EssilorLuxottica signed a definitive agreement to acquire the South Korean company PUcore’s optical division, a move aimed at enhancing its research and production capabilities in high-index ophthalmic lens materials.
The acquisition includes PUcore’s R&D unit, manufacturing facility, and sales office dedicated to developing monomers used in thinner, lighter and more sustainable ophthalmic lenses. The deal also gives EssilorLuxottica access to PUcore’s intellectual property portfolio, including proprietary formulations and production processes.
“We are happy to welcome PUcore’s optical division and its talented teams into our Group,” said Chairman and CEO Francesco Milleri, along with Deputy CEO Paul du Saillant, in a joint statement. “This addition allows us to widen our portfolio of patents, technologies and know-how, extend our expertise upstream in the value chain, and raise the bar for performance and sustainability across the ophthalmic industry.”
The transaction is expected to close by the end of 2025, pending regulatory approvals and other customary closing conditions.
EssilorLuxottica, a global leader in vision care and eyewear, generated €26.5 billion in consolidated revenue in 2024 and operates across 150 countries with more than 200,000 employees. It owns brands including Ray-Ban and Oakley, and retail chains such as LensCrafters and Sunglass Hut.