EssilorLuxottica Completes Acquisition of Walman Optical
EssilorLuxottica has finalized its acquisition of U.S.-based laboratory network Walman Optical. The move is expected to enhance Walman Optical's growth through EssilorLuxottica's product and service expertise.
EssilorLuxottica announced the completion of its acquisition of Walman Optical, a U.S. laboratory network. The transaction, initially announced in March 2021, expands EssilorLuxottica's operational footprint in North America.
Walman Optical serves as a key lab partner for vision care practices across the United States. EssilorLuxottica plans to leverage its expertise in product and service innovation to foster growth opportunities for Walman Optical.
The acquisition is aimed at strengthening Walman Optical's market position and enhancing its service offerings to customers. EssilorLuxottica, a global leader in the eyewear industry, produces both frames and lenses.
The company has previously outlined potential synergies and market share expansion resulting from the integration. Specific financial terms of the acquisition have not been fully disclosed. Both entities will continue their operations.