EssilorLuxottica acquires Israeli hearing aid startup Nuance

EssilorLuxottica announced that it will expand into the hearing solutions market via a 100% acquisition of Israeli startup Nuance. “The Group’s Super Audio team is working on its first product to shift that paradigm, embedding a high-quality hearing technology into fashionable eyeglasses seamlessly, expected to launch in the second half of 2024. The audio component will be completely invisible, removing a psychological barrier that has historically stood in the way of consumer adoption of traditional hearing aids,” EssilorLuxottica said in a statement.