Lumentum and Coherent merger to create photonics industry giant
Lumentum and Coherent merger to create photonics industry giant 19 Jan 2021 Two of the most recognized names in the photonics sector set to join forces in $5.7BN deal. Lumentum and Coherent, two of the biggest and best-known companies in photonics, have revealed plans to merge. The move will see Lumentum acquire Coherent in a cash-plus-stock deal valuing the latter at $5.7Â billion - around a 50Â per cent premium on its recent stock-market valuation. Describing the historic Coherent brand as a âcrown jewel of the laser industryâ, Lumentumâs CEO Alan Lowe told an investor ...
Source: optics.org