Bubba Watson wearing Oakley Prizm sunglasses while on the PGA Tour.

DAYTON, Ohio—Luxottica is acquiring key assets of Exciton, a Dayton-based technology company with expertise in the development and integration of high performance dyes into the medical, electronic and optical industries.

Massimo Vian, CEO and product operations for Luxottica, disclosed the acquisition Monday during a conference call with financial analysts. The transaction is expected to close in fourth quarter, 2016, a Luxottica spokesperson told VMail. Additional details about the deal were not available.

According to the spokesperson, the acquisition will enable Luxottica to have exclusive access to a unique lens technology that “dramatically enhances colors and visibility over a wide range of light conditions.” Luxottica is already using Exciton’s technology to produce Oakley Prizm and Ray-Ban Chromance sun lenses, and it will now be integrated and further developed as part of Luxottica's overall production process, the spokesperson said.