News Bystronic has signed an agreement to acquire the “Tools for Materials Processing” business unit of Coherent Inc.
With this acquisition, Bystronic will also obtain the rights of the well-known Rofin brand and will integrate this business into a new “Bystronic Rofin” business unit.
Bystronic Rofin’s versatile laser technologies will enable the processing of a wide variety of materials – from metal, glass and ceramics to polymers and organic materials. In addition to synergies generated in procurement, the acquisition will leverage know-how in research and development.
“Through the acquisition of the ‘Tools for Materials Processing’ business unit, we are expanding into adjacent applications in attractive growth markets. This acquisition is an excellent technological and cultural fit for us, and I am excited to welcome the employees and customers of Bystronic Rofin.”
Domenico Iacovelli, CEO Bystronic
With approximately 400 employees, the profitable business unit “Tools for Materials Processing” generates sales of about USD 100 million. Its headquarters are in Gilching, near Munich, Germany.
The transaction is subject to further approvals and is expected to be completed in the coming months. The parties have agreed not to disclose the purchase price and further details.