Electronics Production | June 14, 2005
Coherent to acquire TuiLaser
US-based Laser specialist, Coherent, Inc. has acquired privately held TuiLaser AG (Munich, Germany) for approximately Euro 22.5 million, net of cash acquired.
TuiLaser is a designer and manufacturer of excimer and advanced solid-state lasers for scientific, OEM medical, and industrial applications. For its fiscal year ending September 2004, TuiLaser recorded sales of approximately Euro 24.0 million. The acquisition provides Coherent with a strong market presence in all classes of excimer lasers, from low to high power, in all markets with the exception of lithography. TuiLaser’s product line also includes infrared and green solid-state lasers that compliment Coherent’s solid-state laser products. TuiLaser has established a leadership position with its solid-state laser products in the growing area of identity card marking.