Coherent closes on Rofin acquisition

Nov. 7, 2016
Lasers and laser-based technology developer and manufacturer Coherent has completed its acquisition of Rofin-Sinar Technologies.

Lasers and laser-based technology developer and manufacturer Coherent (NASDAQ: COHR; Santa Clara, CA) has completed its acquisition of Rofin-Sinar Technologies (NASDAQ: RSTI), which develops and manufactures high-performance industrial laser sources and laser-based solutions and components.

Coherent will pay $32.50 per share in cash, in a transaction valued at approximately $942 million. Coherent is funding the transaction with a combination of cash on hand and proceeds from a seven-year, €670 million secured term loan B. As a result of the acquisition, Rofin common stock will no longer trade on the Nasdaq Stock Market and Frankfurt Stock Exchange.

For more information, please visit www.coherent.com.

Sponsored Recommendations

Optical Power Meters for Diverse Applications

April 30, 2024
Bench-top single channel to multichannel power meters, Santec has the power measurement platforms to meet your requirements.

Request a quote: Micro 3D Printed Part or microArch micro-precision 3D printers

April 11, 2024
See the results for yourself! We'll print a benchmark part so that you can assess our quality. Just send us your file and we'll get to work.

Request a Micro 3D Printed Benchmark Part: Send us your file.

April 11, 2024
See the results for yourself! We'll print a benchmark part so that you can assess our quality. Just send us your file and we'll get to work.

Request a free Micro 3D Printed sample part

April 11, 2024
The best way to understand the part quality we can achieve is by seeing it first-hand. Request a free 3D printed high-precision sample part.

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!