Rofin-Sinar acquires Corelase Oy

April 2--Rofin-Sinar, a developer and manufacturer of high-performance laser beam sources and laser-based solutions, announced today that it has acquired 100% of the common stock of Corelase Oy, based in Tampere, Finland, in a cash transaction. Further terms of the acquisition have not been disclosed.

Founded in 2003, Corelase Oy has considerable experience in semiconductors, optics, and fiber technology. The company's product lines include fiber-coupled diode laser systems, continuous-wave and ultra-short pulse modelocked fiber laser systems, and components such as diode lasers for a wide range of materials processing applications. Corelase has expanded its presence in several Asian and European countries through exclusive agreements with distributors. In order to penetrate the North American market, Corelase Oy has maintained a U.S. partnership since 2006. Corelase will continue to operate as a standalone company and provide its products to other laser companies.

"This is an important acquisition for Rofin-Sinar, as we continue to broaden and deepen our technological portfolio," said Gunther Braun, CEO and president of Rofin-Sinar Technologies Inc. "We have been evaluating this technology for a long time and are confident that the talents and skills of Corelase will contribute to the future success of our group, and will further strengthen our position in the market for laser material processing."