Coherent Acquires Molectron Detector Inc.
SANTA CLARA, Calif., Dec. 9 -- Coherent Inc. announced today it has signed a definitive agreement to acquire Molectron Detector Inc. (MDI) for $11.5 million in cash. The close of the transaction was effective Nov. 30. MDI, located in Portland, Ore., designs and manufactures laser test and measurement equipment for photonics-based applications and markets.
"The acquisition of MDI provides our customers with the broadest selection of laser test and measurement equipment available," said John Ambroseo, president and CEO of Coherent Inc. "The acquisition of MDI's power and energy measurement products and core technology can be leveraged into our products in both the scientific and commercial markets."
MDI and its senior management team will continue to operate from Portland.
For more information, visit: www.coherentinc.com
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024