Kering Eyewear to acquire UNT

A unit of Kering has signed an agreement to acquire French company UNT, the luxury giant and Gucci owner said on Monday.

Kering Eyewear will buy 100% of Usinage & Nouvelles Technologies, a maker of metal and mechanical components for luxury eyewear, Kering said, adding the transaction is expected to close in the second quarter of this year.

“We are pleased to welcome UNT into the Kering Eyewear family. I truly admire the outstanding job that UNT has carried out so far and we are excited to embark on this new journey with a trusted and deeply valued partner," ​said Roberto Vedovotto, president and CEO of Kering Eyewear.

"Being a long-term, high-quality supplier of Manufacture Kering Eyewear, this new acquisition represents the opportunity to create an integrated luxury eyewear platform with best-in-class manufacturing capabilities, facilities and talents, in addition to supporting and further elevating the Jura district.”