Coherent announces acquisition of Lumera Laser

Coherent, Inc. (Santa Clara, CA, NASDAQ: COHR) today announced that it had acquired privately held Lumera Laser GmbH (Kaiserslautern, Germany) for approximately $52 million in an all cash transaction. Lumera is a recognized leader in ultrafast solid state lasers for microelectronics, materials processing and OEM medical applications.  The transaction is valued at approximately 1.5 times Lumera's projected calendar year 2012 revenues. 

"The acquisition of Lumera complements our internal programs and other recent acquisitions targeted at the rapidly expanding area of short-pulse micromaterials processing and non-refractive ophthalmic surgery," stated John Ambroseo , President and CEO of Coherent. "We will leverage our worldwide sales and service network and Lumera's application expertise to expand sales opportunities.  Our ultimate goal is to provide customers with the broadest selection of ultrafast industrial solutions through the combined building block technologies from Coherent, Lumera, Innolight and MiDAZ," Ambroseo added.

Source:

Coherent, Inc.

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