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COINTURK FINANCE > Business > EssilorLuxottica Acquires Automation & Robotics to Boost Optical Quality Control
Business

EssilorLuxottica Acquires Automation & Robotics to Boost Optical Quality Control

Overview

  • EssilorLuxottica acquires A&R to enhance optical production quality.

  • The acquisition strengthens EssilorLuxottica's technological platform and service delivery.

  • The company continues to pursue innovation in vision care technologies.

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EssilorLuxottica, a global leader in vision care solutions, has announced its acquisition of Automation & Robotics (A&R), a company based in Belgium specializing in automated systems for optical lens quality control. As the demand for high-quality eyewear continues to rise, EssilorLuxottica’s strategic move aims to enhance its production capabilities and improve service across the industry. This acquisition is expected to solidify the company’s stance in the competitive optical market, offering tailored solutions for both mass production and specialized prescription lenses.

Contents
Why Did EssilorLuxottica Acquire A&R?How Will A&R Integration Impact Vision Care Products?

EssilorLuxottica’s consistent push toward innovation and quality has been evident over recent years. Earlier investments in research and development and strategic acquisitions have already expanded their product portfolio and enhanced service delivery. This acquisition of A&R reflects a continuation of this strategy, focusing now on technological solutions that can enhance production efficiency and product quality. Historical acquisitions and expansions have allowed EssilorLuxottica to become a formidable force in the eyewear industry.

Why Did EssilorLuxottica Acquire A&R?

The acquisition of A&R aligns with EssilorLuxottica’s ongoing efforts to integrate advanced automation and digital systems into their production processes. This move is a significant step towards achieving superior control over production quality and efficiency. The company believes that incorporating A&R’s optical metrology technologies will elevate their standards.

How Will A&R Integration Impact Vision Care Products?

By integrating A&R, EssilorLuxottica aims to meet the evolving demands of ophthalmic manufacturing, including the growing market for innovative products such as wearables. The acquisition strengthens EssilorLuxottica’s technological platform, promoting future advancements in vision care. The company’s leadership emphasizes the shared commitment to innovation, precision, and service.

“The integration of A&R into EssilorLuxottica’s portfolio of industrial solutions marks another milestone in our ongoing journey,” states Francesco Milleri, Chairman and CEO of EssilorLuxottica.

EssilorLuxottica, renowned for its wide range of lens technologies—such as Varilux, Stellest, and Transitions—also boasts a rich portfolio of eyewear brands, including Ray-Ban, Oakley, and Supreme. Apart from retail chains like Sunglass Hut and LensCrafters, the company has been investing in the medical technology sector since its foundation.

In recent developments, EssilorLuxottica ventured into the hearing solutions market, targeting affordable products for millions suffering from mild to moderate hearing loss. This move complements their existing focus on vision care and continues their tradition of addressing sensory challenges.

“This move is a key step towards advancing the future of vision care through quality and performance,” adds Paul du Saillant, Deputy CEO of EssilorLuxottica.

By acquiring A&R, EssilorLuxottica not only strengthens its position in optical manufacturing but also fortifies its role as a comprehensive provider of vision care solutions. Prior efforts and current strategic initiatives reflect their commitment to adapting and leading in a rapidly changing market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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