EssilorLuxottica Acquires Faro, Enhancing Supply Chain Capabilities
EssilorLuxottica has acquired Faro, an Italian CNC machinery manufacturer, to enhance its supply chain and innovation in eyewear production. This acquisition continues the company's trend of strategic mergers to bolster its manufacturing capabilities and support international growth.
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EssilorLuxottica announced its acquisition of Faro, an Italian company specializing in CNC machinery for milling and diamond cutting, following a 4.1% revenue increase in Q1 2026 to 7.12 billion euros. This move is part of a broader strategy to strengthen the supply chain through various mergers and acquisitions, including the recent purchases of Automation & Robotics and PUcore.
The group has also expanded into med-tech with acquisitions like Optegra and Signifeye. Furthermore, EssilorLuxottica is enhancing its tech capabilities, including the AI-powered Nuance Audio brand. The implications of these acquisitions may increase the company’s competitive advantage in innovative eyewear production and medical technology.
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