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Coherent, Inc. Acquires Innolight GmbH and MiDAZ Ltd
Innolight is a leading manufacturer of low power, short pulse lasers for industrial applications like silicon processing, and ultra-stable continuous wave lasers used in demanding scientific applications like atom trapping. The patented MiDAZ technology enables simple amplifiers to be incorporated in a broad range of laser products delivering power scaling and long lasting performance in electrically efficient designs. The combination of Innolight's semiconductor based architecture with MiDAZ amplifiers is anticipated to deliver a broad range of compact, low cost sub-nanosecond IR, Green and UV laser sources, offering best in class performance, value and footprint.
"The acquisition of Innolight and MiDAZ fits well into Coherent's mission of providing cutting edge solutions to both industrial and scientific markets" states Mark Sobey, Executive Vice President at Coherent. "We are excited not only with the current Innolight product line, but also about the future ability to extend the performance in many dimensions based on combinations with MiDAZ and other Coherent technologies to address our customers application roadmaps."
Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets, and is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000. Please direct any questions regarding this press release to Reinhard Luger, Vice President, at +49 4513000300. For more information about Coherent, including product and financial updates, visit our website at www.Coherent.com.
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