The Largest Commercial Laser Company in the World

Coherent, Inc., a world leader in lasers and laser-based technology for scientific, commercial and industrial customers, announced the completion of its previously announced acquisition of Rofin-Sinar Technologies, Inc., one of the world’s leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components, for $ 32.50 per share in cash, in a transaction valued at approximately $ 942 million.

Coherent funded the transaction with a combination of cash on hand and proceeds from a seven year 670 million euro secured term loan B. As a result of the acquisition, the listing of the Rofin-Sinar shares on the Frankfurt Stock Exchange is being revoked officially by Deutsche Börse. Any stock market trading which may take place until such revocation will only relate to the shareholders’ entitlements to the per share merger consideration. The listing of Rofin-Sinar on the Nasdaq Stock Market will also be discontinued.

“Prior to the merger, each of the two companies stood at the forefront of the markets they served … by offering enhanced solutions and the widest selection of lasers and laser-based solutions and services,” says Coherent CEO Dr John Ambroseo in a video address, and continues: “On a personal note, it’s hard not to be enthusiastic about the potential of the combined company.”

As a consequence of the effectiveness of the transaction, Coherent has become the sole shareholder of Rofin-Sinar and the subsidiaries such as Dilas, Optoskand, Nufern and others. (Sources: Coherent / Rofin)

Link: together.coherent.com

Further reading: Coherent to Acquire Rofin, photonicsviews.com, 17th March 2016

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