IIVI - Mergers and acquisitions

New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact

PITTSBURGH and SANTA CLARA, Calif., July 01, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (NASDAQ:IIVI) today successfully completed the acquisition of Coherent, Inc. (NASDAQ:COHR), forming a global leader in materials, networking, and lasers. 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. Both organizations bring their own formidable strengths. The combined business will be more distributed across the value chain from materials to components, subsystems, systems, and service. II-VI's scale, at the levels of the value chain where expertise in materials matters,