EssilorLuxotica to Acquire Majority Stake in Heidelberg Engineering

Global eyewear firm EssilorLuxotica has reached an agreement to acquire an 80% stake in Heidelberg Engineering, a provider of diagnostic solutions and technologies for clinical ophthalmology. EssilorLuxotica is the parent company to ophthalmology equipment suppliers Essilor Instruments and Satisloh, as well as a number of eyewear brands including Ray-Ban and Oakley, as well as lens manufacturers including Essilor, Varilux, and Transitions.

Heidelberg Engineering brings extensive technological and scientific expertise in OCT, 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.

According to EssilorLuxotica’s executive team, the acquisition bolsters the company’s position in the medical technology space and serves to enhance the doctor and patient experience. Heidelberg Engineering's technologies are used for early detection of sight-threatening conditions like glaucoma and age-related macular degeneration. The company will continue to operate under its existing brand.

The transaction is expected to close in the second half of 2024.