We are together on a journey towards a future that will be increasingly mobile, intelligent, and electric, accelerating the pace of innovation and enabling a stream of spectacular successes that will sustainably change the world around us,” he said. “With our foundation in materials and our unstoppable imagination, we will enable the next evolution of the cloud, 3D sensing, electric vehicles, additive manufacturing, the commercialization of space, and the personalization of health care, just to name a few. While the name Coherent has a strong association with lasers, the broader meaning of the word is ‘bringing things together.’ It represents our diversity in thinking distilled into our clarity of purpose, our unity in action, and our broader sense of engagement by connection to our mission, vision, and values. We will soon announce the date of the launch of our new brand identity. ![]() Mattera continued, “I am also very excited to announce a new direction for our brand: We plan for the combined company to be named Coherent. “I would like to thank Andy Mattes for his leadership of Coherent and enabling a very successful integration planning process.”ĭr. “Coherent is an innovator with a rich portfolio of some of the most advanced technologies in the world, which have been transformative in a broad range of markets,” said Dr. The combined company will leverage that complementary scale in ways that will really matter to our customers in strategic markets. II-VI’s scale, at the levels of the value chain where expertise in materials matters, is complementary to Coherent’s scale where laser systems play. ![]() ![]() The combined business will be more distributed across the value chain from materials to components, subsystems, systems, and service. Under the terms of the merger agreement, each share of Coherent common stock was converted into the right to receive $220.00 in cash and 0.91 of a share of II-VI common stock.īoth organizations bring their own formidable strengths. (Nasdaq: COHR), forming a global leader in materials, networking, and lasers. PITTSBURGH and SANTA CLARA, CALIF., J(GLOBE NEWSWIRE) – II‐VI Incorporated (Nasdaq: IIVI) today successfully completed the acquisition of Coherent, Inc. The combined company will be named Coherent and will trade under the ticker symbol COHR on the Nasdaq stock market on a date soon to be announced.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |