II-VI buys laser diode innovator Direct Photonics

II-VI, whose annual revenues are headed towards the $1 billion mark by 2020, has acquired Direct Photonics.

Fast-growing Optoelectronics components and materials company II-VI (Saxonburg, PA), whose annual revenues are headed towards the $1 billion mark by 2020 on the past decade's trend, has acquired Direct Photonics (Berlin, Germany), a developer of kilowatt-class direct diode lasers.
Laser Focus World's take:

Here they go again. After a string of endless acquisitions, II-VI has now acquired Direct Photonics of Berlin, Germany. Direct Photonics is part of the direct-diode laser materials processing movement, in which laser diodes are seen as the lowest-cost-of-ownership and lowest-power-consumption means to materials processing and machining. Use our search engine to see all the latest acquisition news from II-VI by searching here and then sorting by date.
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