SANTA CLARA, CA - Coherent Inc. has acquired the North American operations of StockerYale Inc. in an asset purchase for $15 million in cash. The company acquired all the assets and certain operating liabilities of the laser module product line in Montreal and the specialty fiber product line in Salem, NH.
John Ambroseo, president and chief executive officer of Coherent, says, “In acquiring these two product lines, we gain access to the machine vision market and expand our bioinstrumentation opportunities through the laser diode module business. We also add core fiber technology, which will improve our time to market and enhance both the performance and reliability of our fiber-based product platforms.”
Founded in 1966, Coherent Inc. provides photonics-based solutions to the commercial and scientific research markets. For more information, visit www.coherent.com.
Coherent Acquires Product Lines from StockerYale
November 11, 2009