Coherent to Buy Iolon
In California, Coherent Inc. of Santa Clara has agreed to purchase Iolon Inc. of San Jose in a cash transaction valued at approximately $5 million. Coherent plans to use Iolon’s optical component technology, including widely tunable lasers and filters, for products in the instrumentation and display markets. Iolon’s physical assets will be transferred to Coherent’s Santa Clara facilities.
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