EssilorLuxottica to acquire PUcore's division dedicated to the development, manufacturing and sale of ophthalmic lens materials

Core Insights - EssilorLuxottica has signed an agreement to acquire PUcore's division focused on the development, manufacturing, and sale of ophthalmic lens materials, enhancing its R&D and production capabilities for innovative high index lenses [1][2] Group and Industry Summary - The acquisition includes a research and development unit, a materials production facility, and a sales office located in South Korea, along with an intellectual property portfolio related to product formulations and production processes [2] - The addition of PUcore's optical division is expected to broaden EssilorLuxottica's portfolio of patents, technologies, and expertise, thereby improving the performance and sustainability of ophthalmic lens production [3] - The transaction is anticipated to close by the end of 2025, subject to regulatory approvals and customary closing conditions [4]