COHERENT acquires ROFIN – Hot new in laser industry

Coherent, Inc. – A world leader in lasers and laser-based technology for scientific, commercial and industrial customers, has announced that they have unanimously approved a definitive agreement under which Coherent will acquire ROFIN ROFIN-SINAR Technologies, Inc – one of the world’s leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components on March 16, 2016 for $32.50 per share in cash, approximately $942 million.

“This transaction is aligned with our strategy of increasing our scale and pursuing accretive growth opportunities,” said John Ambroseo, Coherent’s President and Chief Executive Officer. “The combination of Coherent and ROFIN represents a unique opportunity to strengthen Coherent’s position in materials processing. The addition of ROFIN’s complementary portfolio will build on Coherent’s capabilities as a world leader in laser and photonics-based technology and solutions and create meaningful value for our stockholders.”

Ambroseo added, “Both Coherent’s and ROFIN’s customers participate in today’s most demanding markets and together we will be well-positioned to better meet their evolving needs. This combination will create meaningful opportunities for our customers across the globe as we advance the development of technologies while offering them access to the industry’s broadest portfolio of differentiated solutions as well as outstanding application support and customer service.”

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