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Coherent to Acquire Rofin for $942M

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SANTA CLARA, Calif., PLYMOUTH, Mich. and HAMBURG, Germany, March 17, 2016 — Coherent Inc., maker of lasers and laser-based technology for scientific, commercial and industrial customers, and Rofin Sinar Technologies Inc., developer and manufacturer of high-performance industrial laser sources and laser-based technology and components, today announced that their boards of directors have unanimously approved a definitive agreement under which Coherent will acquire Rofin for $32.50 per share in cash, in a transaction valued at approximately $942 million. Coherent President and CEO John Ambroseo cited the company’s opportunity to strengthen its materials...Read full article

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    Published: March 2016
    BusinessAmericasEuropeGermanyLasersindustrialBiophotonicsCoherentRofin SinarJohn Ambroseoacquisitions

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