EssilorLuxottica Advances with Acquisition of Pulse Audition
Deal News | Jan 02, 2025 | Globenewswire
EssilorLuxottica, a global leader in eyewear, has strengthened its position in the auditory solutions market through the acquisition of Pulse Audition, a French startup specializing in artificial intelligence (AI) technology for voice and noise processing. Pulse Audition's cutting-edge technology, particularly its proprietary algorithms for noise reduction and voice enhancement, complements EssilorLuxottica's existing product offerings and fits within its long-term strategic goals in digital platform solutions and auditory aids. The acquisition, aligned with EssilorLuxottica's recent strategies, including the purchase of Nuance Hearing in 2023, signifies the company's commitment to advancements in AI and big data across Europe, particularly in auditory solutions. Francesco Milleri, President and CEO, and Paul du Saillant, Deputy CEO, expressed excitement about integrating Pulse Audition's high-caliber team and exploring untapped potentials in the hearing domain.
Sectors
- Eyewear
- Artificial Intelligence
- Hearing Solutions
Geography
- France – Pulse Audition is a French startup acquired by EssilorLuxottica, highlighting France's role in AI innovation.
- Europe – EssilorLuxottica's strategy emphasizes expanding digital platforms and auditory solutions across Europe.
Industry
- Eyewear – EssilorLuxottica is a global leader in the eyewear sector, and this acquisition is aimed at integrating auditory technology into their products.
- Artificial Intelligence – The acquisition involves AI-driven technologies for noise reduction and voice processing, pivotal to EssilorLuxottica's innovation strategy.
- Hearing Solutions – Pulse Audition's expertise in auditory software highlights a focus on solutions that assist the hearing-impaired, a growing sector within personal health technology.
Financials
- Not Disclosed – The financial terms of the Pulse Audition acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EssilorLuxottica | Acquirer | Company | A leader in the eyewear industry, headquartered in France, focusing on digital and auditory solutions. |
| Pulse Audition | Target | Company | A French startup specializing in AI technology for noise reduction and voice processing. |
| Nuance Hearing | Previously Acquired Company | Company | Acquired by EssilorLuxottica in 2023, specializing in hearing solutions. |
| Francesco Milleri | President and CEO | Person | President and Chief Executive Officer of EssilorLuxottica. |
| Paul du Saillant | Deputy CEO | Person | Deputy Chief Executive Officer of EssilorLuxottica. |