WAYLAND, Mass., Jan. 9 -- Candela Corp. announced it has acquired substantially all of the assets of Applied Optronics, the diode division of Schwartz Electro-Optics Inc., for approximately $1.2 million in cash. Applied Optronics is a manufacturer of high-powered, pulsed and CW lasers and is a component supplier to the OEM market, serving industries in the military, medical, industrial, research and robotics fields. Applied Optronics is a supplier of the diodes for Candela's Smoothbeam diode laser system, which was recently approved by the FDA for the treatment of periorbital wrinkles and of...Read full articleRelated content from Photonics MediaArticlesPresident of Coherent’s Lasers Segment Retires, Prisma Expands US Team: People in the News: 09/06/2023Mark Sobey, president of Coherent’s lasers segment, has retired. Sobey held the position since July 2022, when II-VI merged with Coherent. 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