Bystronic announces it entered into an agreement to acquire the “Tools for Materials Processing” business unit of US-based Coherent Inc.
This acquisition will help Bystronic expand into additional attractive growth markets such as medical devices, semiconductors, and general manufacturing. In addition, new laser applications, such as micro material processing, marking, labeling and drilling will be added to the Bystronic portfolio.
With this acquisition, Bystronic will also obtain the rights of the well-known Rofin brand and will integrate this business into a new “Bystronic Rofin” business unit.
Bystronic Rofin’s versatile laser technologies will enable the processing of a wide variety of materials – from metal, glass and ceramics to polymers and organic materials. In addition to synergies generated in procurement, the acquisition will leverage know-how in research and development.
Domenico Iacovelli, CEO of Bystronic, states: “Through the acquisition of the ‘Tools for Materials Processing’ business unit, we are expanding into adjacent applications in attractive growth markets. This acquisition is an excellent technological and cultural fit for us, and I am excited to welcome the employees and customers of Bystronic Rofin.”
With approximately 400 employees, the profitable business unit “Tools for Materials Processing” generates annual sales of about USD $100 million. Its headquarters are in Gilching, near Munich, Germany.
The transaction is subject to customary closing conditions and is expected to be completed in the coming months. The terms of the deal are confidential.
