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BUSINESS NEWS
Novanta CEO Matthijs Glastra Appointed Board Chairman BEDFORD, Mass., April 5, 2021 — The board of directors for Novanta, a components and subsystems developer for laser-based diagnostic, analytical, micromachining, and materials processing applications, elected CEO Matthijs Glastra chair. The appointment is effective after the company’s annual meeting of shareholders on May 13. Glastra succeeds Stephen Bershad, who will retire from the board after an 11-year tenure. Bershad has been appointed chairman emeritus effective upon his retirement. The position is honorary and
Applied Energetics Relocating Corporate Headquarters TUCSON, Ariz., April 2, 2021 — Applied Energetics, a laser-generated energy and directed-energy company, will relocate its corporate headquarters to UA (University of Arizona) Tech Park. The move, which the company said it expects to complete within 60 days of March 17, will keep...
ZEISS Completes Innovation Center, HQ of US Medical Technology Business DUBLIN, Calif., April 2, 2021 — ZEISS completed construction on a $180 million R&D, production, sales, and customer service facility in Dublin, Calif., in the San Francisco Bay Area. The ZEISS Innovation Center supports opportunities for collaboration with academia, industry,...
Heidelberg Instruments Makes Multiphoton Optics a Subsidiary HEIDELBERG, Germany, March 30, 2021 — Photolithography company Heidelberg Instruments Mikrotechnik GmbH acquired Multiphoton Optics, a solution provider for 3D lithography via two-photon polymerization. The companies made the announcement in a shared press release. Following the...
Kinetic River Develops Autofluorescence Removal Technology MOUNTAIN VIEW, Calif., March 26, 2021 — Flow cytometry instrumentation company Kinetic River Corp. completed a small business innovation research (SBIR) project funded by the National Institutes of Health (NIH). The award funded the development of the company’s...
Coherent Opts to Accept $7B II-VI Takeover Proposal PITTSBURGH, March 25, 2021 — II-VI will enter into a definitive agreement with Coherent, allowing the Pittsburgh-based optical components and semiconductor materials manufacturer to acquire Coherent, a laser manufacturer. The deal is worth around $7 billion. Accordingly,...
Heriot-Watt Partners with ASML EDINBURGH, Scotland, May 25, 2021 — Heriot-Watt University has begun a five-year partnership with Netherlands-based ASML, a major supplier to the semiconductor industry, to pursue the advancement of new light source technologies. The collaboration, funded by ASML, will specifically...
VELO3D to Go Public CAMPBELL, Calif., March 25, 2021 — Additive manufacturing company VELO3D has entered into a definitive business combination agreement with Jaws Spitfire Acquisition Corp., valuing the combined company at $1.6 billion. The transaction is expected to be completed in the second half of...
II-VI Stands Firm on Latest Coherent Acquisition Offer PITTSBURGH, March 24, 2021 — II-VI has notified Coherent it is maintaining the terms of its current acquisition proposal. The proposal remains open until 12 p.m. Pacific time on Thursday, March 25. The notification comes one day after Lumentum delivered its latest revised...
Menlo Systems Establishes Japanese Subsidiary HAMAMATSU, Japan, March 24, 2021 — Menlo Systems has opened a Japanese subsidiary, Menlo Systems KK, in Hamamatsu. The optical frequency comb manufacturer and supplier of high-precision metrology instrumentation, headquartered in Germany, said the subsidiary allows the company to...
Coherent Confirms Receipt of Latest Proposal from Lumentum, Acquisition Continues to Unfold SANTA CLARA, Calif., March 23, 2021 — Coherent confirmed it has received a revised acquisition proposal from Lumentum. Per terms of the latest offer, which is the sixth confirmed offer from Lumentum, Coherent stockholders would receive $230 per share in cash and 0.6724 shares of...
TRUMPF Acquires Sheet Metal Processing Software Developer Lantek DITZINGEN, Germany, March 22, 2021 — TRUMPF acquired Lantek, a sheet metal software company that develops processing solutions for machining and manufacturing applications. The acquired company’s sheet metal processing software runs independently from the machine manufacturer....
Rockley Photonics Combines with SC Health, Goes Public PASADENA, Calif., March 22, 2021 — Rockley Photonics, a supplier of integrated silicon photonic chips and modules across multiple markets, entered into a definitive agreement to combine with SC Health Corp., a publicly traded special purpose acquisition company. The transaction will...
II-VI Opens Industrial Laser Materials Processing Lab in China SAXONBURG, Pa., March 19, 2021 — Laser materials processing and semiconductor company II-VI Inc. opened an applications laboratory in Suzhou, China. The new lab supports the growing industrial laser market in the region, fueled in part by new welding requirements of the automotive...
Indiana University Team First to Test Sandia’s Open-Access Quantum Computer ALBUQUERQUE, N.M., March 19, 2021 — Sandia National Laboratories’ Quantum Scientific Computing Open User Testbed, or QSCOUT, is now operational and ready for public use. Scientists from Indiana University recently became the first team to use the system. QSCOUT aims to address...
MACOM Appoints John Ritchie to Board of Directors LOWELL, Mass., March 19, 2021 — Semiconductor products supplier MACOM Technology Solutions Holdings Inc. appointed John Ritchie as an independent director. Ritchie has 25 years of experience and leadership in the networking equipment and technology industry, and he currently...
Physik Instrumente Acquires P·G·W-Precision Granite W Co. Ltd. KARLSRUHE, Germany, March 18, 2021 — Precision motion control and nanopositioning equipment developer Physik Instrumente (PI) acquired P·G·W-Precision Granite W Co. Ltd. The acquired company, based in Gifu, Japan, is a manufacturer of high-flatness granite base plates,...
Coherent Again Favors Revised Purchase Offer from II-VI SANTA CLARA, Calif., March 18, 2021 — Coherent has again determined that a revised acquisition proposal from II-VI is superior to terms of an amended merger agreement with Lumentum. Coherent has informed Lumentum that it intends to terminate that merger agreement, into which the...
Lumentum Delivers Revised Acquisition Bid for Coherent Worth $6.9B SAN JOSE, Calif., March 17, 2021 — Lumentum revised its proposal to acquire Coherent, delivering a cash and stock purchase offer valued at $6.9 billion. The Lumentum offer is in response to the latest Coherent acquisition proposal from II-VI, which was announced last week. Coherent,...
Finalists Announced for Round 4 of Luminate NY Accelerator ROCHESTER, N.Y., March 17, 2021 — Empire State Development announced the 10 finalists selected to take part in the fourth round of the Luminate NY accelerator program and competition. The finalists were selected from a pool of 126 startups from 22 countries and 21 U.S. states. They...
Leica Microsystems Acquires Aivia Software WETZLAR, Germany, March 17, 2021 — Leica Microsystems acquired certain assets, including Aivia, from SVision LLC. Aivia is an AI-enabled visualization, analysis, and interpretation software. It includes a wide range of machine learning and deep learning algorithms, 2D to 5D image...
Microscope Technology Based on NanoLED Array Platform Moves Toward Commercialization BARCELONA, Spain, March 16, 2021 — An international team led by researchers at the University of Barcelona developed a superresolution optical chip-size microscope that is supported by nanoLEDs functioning as a light source. The nanoLEDs can determine the resolution of the microscope...
Nanotec Names Sales Director, Adds to Executive Management Team FELDKIRCHEN, Germany, March 16, 2021 — Nanotec Electronic GmbH and Co. KG, a manufacturer of motors and controllers for industrial automation and medical engineering applications, named Durmus Özcan sales director, a position in which he will coordinate sales activities with the...
Renishaw Launches Sale Process LONDON, March 15, 2021 — Renishaw plc, a developer and manufacturer of position and motion control, measurement, spectroscopy, and manufacturing tools and systems, is for sale. The company’s board has begun the formal sale process after company founders David McMurtry...
Toppan Printing Adds Image Sensing Capabilities with Brookman Technology Acquisition TOKYO, March 15, 2021 — Tokyo-based Toppan Printing is acquiring Brookman Technology Inc. Based in Hamamatsu, Japan, Brookman is a venture company originating from Shizuoka University that develops and provides custom CMOS image sensors and design services and...
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