June 13, 2005, Santa Clara, CA--Coherent has acquired privately held TuiLaser AG (Munich, Germany) for Euro 22.5 million (US$27.3 million). TuiLaser is a designer and manufacturer of excimer and advanced solid-state lasers for scientific, OEM medical, and industrial applications. For its fiscal year ending September 2004, TuiLaser recorded sales of approximately Euro 24.0 million (US$29 million).
According to the company, the acquisition provides Coherent with a strong market presence in all classes of excimer lasers, from low to high power, in all markets with the exception of lithography. TuiLaser's product line also includes infrared and green solid-state lasers that compliment Coherent's solid-state laser products. TuiLaser has established a strong position with its solid-state laser products in the growing area of identity card marking.
"We are particularly pleased that TuiLaser has joined Coherent," stated John Ambroseo, President and CEO of Coherent. "We intend to aggressively leverage our world-wide distribution network to expand sales opportunities, and our customers will benefit from our ability to provide the industry's broadest selection of products and solutions."