Laser welder brand Coherent has been purchased by California-based designer and manufacturer Lumentum.
This comes after Rofin, the largest European brand in laser welders, merged with Coherent a number of years ago.
UK distributor GVUK Design has confirmed that there will be no changes for clients this side of The Pond.
Lumentum will reportedly acquire Coherent in a $5.7 billion cash and stock transaction, with the company looking to corner the market in laser and photonics technology.
“Today’s announcement is an important advancement of Lumentum’s strategy,” said Alan Lowe, Lumentum president and CEO. “In our five years as a standalone public company, we have focused on developing the most innovative products and technology in our industry and partnering with market leading customers to help them compete and win in their markets.
“As we look ahead, we are thrilled to join forces with Coherent to create one of the world’s largest and most diverse photonics technology companies with leading positions in the growing market for photonics.
“Coherent brings one of the most recognizable and respected brands in the photonics industry and a very talented and innovative team.
“By increasing our scale, expanding our portfolio, and bolstering our R&D capabilities at a time when global markets are increasingly relying on photonics products and technologies, we are confident in our combined ability to pursue exciting new growth opportunities.”