EssilorLuxottica Strengthens Acoustic Solutions with French Startup Acquisition
Deal News | Jan 02, 2025 | Globenewswire
EssilorLuxottica, a leading player in the eyewear industry, is marking another significant step in its innovation journey with the acquisition of Pulse Audition, a French startup. The startup specializes in Artificial Intelligence algorithms aimed at reducing ambient noise and enhancing speech understanding, which are designed to improve auditory experiences, particularly in noisy environments. This strategic acquisition is set to integrate Pulse Audition's proprietary technologies and expertise into EssilorLuxottica's hardware and software development. This move is aligned with the Group's long-term acoustic solutions strategy and builds upon an earlier acquisition of Nuance Hearing in 2023. The leadership at EssilorLuxottica, including President Francesco Milleri and Vice CEO Paul du Saillant, expressed enthusiasm for expanding their capabilities in wearable computing platforms in Europe. They emphasized their ongoing investment in AI and big data to explore the growth potential within the acoustic solutions market.
Sectors
- Eyewear and Optical
- Artificial Intelligence
- Acoustic Technology
Geography
- France – Pulse Audition, the acquired company, is based in France, making it a primary geographical focus of the acquisition.
- Europe – EssilorLuxottica's strategic expansion into wearable computing platforms is noted in Europe, indicating a broader geographical focus.
Industry
- Eyewear and Optical – EssilorLuxottica operates predominantly in the eyewear and optical industry, producing and supplying eyewear solutions globally.
- Artificial Intelligence – Pulse Audition, the acquired company, operates in the AI industry, developing algorithms that enhance acoustic solutions.
- Acoustic Technology – The acquisition focuses on the development of technologies that improve sound quality and speech understanding, classifying it within the acoustic technology sector.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
EssilorLuxottica | Acquirer | Company | EssilorLuxottica is a leading eyewear company seeking to expand its offerings in acoustic and AI-enhanced technologies. |
Pulse Audition | Target Company | Company | A French startup specializing in AI technologies for enhanced acoustic solutions. |
Francesco Milleri | President and CEO of EssilorLuxottica | Person | Leading the strategic direction and innovation efforts of EssilorLuxottica. |
Paul du Saillant | Vice CEO of EssilorLuxottica | Person | Assisting in the leadership and strategic initiatives of EssilorLuxottica. |