Coherent completes $942m acquisition of Rofin-Sinar Technologies

Coherent has completed the $942 million acquisition of Rofin-Sinar Technologies for $32.50 per share. The deal was announced earlier this year. The combined company is likely to generate annual sales of around $1.3 billion serving more than 20,000 customers and employing 5,000 staff.

‘Coherent and Rofin are highly complementary both technologically and geographically,’ said Rofin CEO Thomas Merk on the acquisition. ‘Together, we will significantly increase the value we can bring to our customers by creating a better-positioned, highly diversified company with a greater breadth of product offerings and innovation and a comprehensive technology portfolio.’

The transaction, which will see Coherent move further into the industrial materials processing market, was funded by Coherent through a combination of cash and proceeds from a seven-year €670 million secured term loan B. As a result of the acquisition, Rofin common stock will no longer trade on the Nasdaq Stock Market and Frankfurt Stock Exchange.

‘By listening to our customers, through targeted investments and by the sharing of knowledge, we will become a more valuable partner for our customers across all industries and disciplines by offering enhanced solutions and the widest selection of lasers, laser based technologies and services,’ commented Coherent CEO, John Ambroseo.

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