EssilorLuxottica and Heidelberg Engineering announced they entered into an agreement for the acquisition of an 80% stake in Heidelberg Engineering. Drawing on EssilorLuxottica’s long-standing expertise in the design and manufacture of advanced instruments and vision care solutions for eye-care professionals, this agreement represents a step forward in the Group’s strategy and its med-tech journey, the company stated in a joint press release.

Heidelberg Engineering brings to the transaction its technological and scientific expertise in optical coherence tomography, real-time image processing and analytics, large-scale data analysis and digital surgical navigation to serve medical professionals, scientists and researchers across a broad range of ophthalmic areas. Heidelberg Engineering has been a reference in early detection of sight-threatening conditions such as glaucoma and AMD.

As part of EssilorLuxottica, Heidelberg Engineering says it will continue to serve the market under its established brand, delivering the same solutions and expertise to its customers.

According to the press release, the transaction is expected to close in H2 2024 pending regulatory approvals and other customary closing conditions.