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Coherent Acquires Innolight, Reports Lower Profit

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SANTA CLARA, Calif., Nov. 5, 2012 — Coherent Inc. has acquired Innolight Innovative Laser and Systemtechnik GmbH and Midaz Lasers Ltd., a move it said will provide core technology building blocks for an emerging class of commercial, low-cost, subnanosecond pulsed lasers for microelectronics manufacturing. Coherent announced the acquisitions Wednesday during a presentation of its fourth-quarter and year-end results to investors. The company said it paid $18 million for the privately owned Innolight in a transaction that closed Oct. 30. The business will operate as part of Coherent's existing German business unit. ...Read full article

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    Published: November 2012
    Glossary
    amplifier
    A device that enlarges and strengthens a signal's output without significantly distorting its original waveshape. There are amplifiers for acoustical, optical and electronic signals.
    excimer
    A contraction of "excited dimer." The term refers to an excited species made by combination of two identical atoms or molecules, one of which is excited and one of which is at a ground state.
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