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 MediaArticlesSCHNEIDER Partners with Micro-LAM; Laser Light Companies Receive $100M in Debt Financing: Week in Brief: 11/17/23US Capital Global has entered into a term sheet to provide credit facilities totaling a minimum of $100 million to Laser Light Companies, a global networking platform designer and builder. 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