II-VI to Acquire CoAdna, Opens Applications Lab in Detroit

II-VI strengthens its business with acquisition and expansion – integrated product portfolio for ROADMs, laser materials processing (Sources: CoAdna / II-VI / photonicsviews.com)

II-VI Incorporated announced its intent to acquire CoAdna Holdings, headquartered in Sunnyvale, California, in a cash transaction valued at approximately 85 million US dollars at closing. The transaction price includes the acquisition of CoAdna’s approximately 40 million dollars in cash. The transaction is expected to close in the 3rd calendar quarter of 2018 and is subject to the approval of CoAdna’s shareholders, regulatory approvals and customary closing conditions.

Founded in 2000, CoAdna is a global leader in wavelength-selective switches (WSS) based on its patented LightFlow liquid crystal platform and II-VI’s microoptics. CoAdna’s WSS modules have a long history of successful field deployments and over the years, have been integrated alongside II-VI’s optical amplifiers, optical channel monitors and other II-VI components on reconfigurable optical add-drop multiplexer (ROADM) line cards designed by II-VI, CoAdna and their customers.

“CoAdna and II-VI have been great business partners for many years, leveraging each other’s complementary products and technologies to serve the optical transport market,” said Sunny Sun, president of II-VI’s photonics segment. “We are eager to realize our synergies to grow the WSS business over our strong sales channels and shorten the time to market for our new products. With our manufacturing scale, unmatched vertical integration and broad product portfolio, we are well positioned for the growth in ROADM demand driven by metro network upgrades, new data center interconnect architectures and the emerging 5G wireless infrastructure.”

Just three days earlier, II-VI announced the opening of its applications laboratory in Detroit, Michigan. As advances in laser processing capabilities on automotive production lines are accelerating and driving increased collaboration between industrial laser specialists and car manufacturers, II-VI’s new applications laboratory shall provide close customer support on state-of-the-art laser materials processing with practical hands-on training, in-depth applications consulting and detailed feasibility studies based on the know-how of II-VI’s applications engineers and the advanced capabilities of the company’s laser processing heads.

“Our new applications laboratory in Detroit brings us even closer to our customers,” said Dr. Robert Kuba, managing director of II-VI Highyag. “This lab, together with our service center near Pittsburgh, Pennsylvania, enhances our ability to demonstrate manufacturing feasibility, optimize process windows, and continue to deliver superior response time to our customers for laser processing heads.”

The applications laboratory is equipped with the latest II-VI Highyag laser processing heads for welding and brazing. This includes the RLSK remote laser welding head with its new seam tracking feature and the BIMO which allows users to adjust the laser beam focal diameter and position during or in-between welds. By combining these with a multi-kW laser source, an industrial robot and a rotation table, processes can be developed for a wide range of configurations and materials including aluminum, zinc coated steel and hot stamped aluminum-silicon coated steel. (Sources: II-VI)

Links: CoAdna Photonics, Sunnyvale, Calif., 94085, USABusiness Units overview, II-VI Incorporated, Saxonburg, Penn., USA

 

Speak Your Mind

*