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Laser and optical fiber developer and manufacturer Lumentum is acquiring laser manufacturer Coherent in a transaction worth $5.7 billion. The move brings together the successor company of fiber optic darling JDS Uniphase with one of the original 1960s laser pioneers.
The acquisition specifically brings together Coherent’s photonics and lasers businesses in the microelectronics, precision manufacturing, instrumentation, and aerospace and defense markets with Lumentum’s telecom, datacom, and 3D sensing businesses, creating a diversified photonics technology company with significantly increased scale and market reach. In a shared press release, the companies said the combination accelerates Lumentum’s penetration of…READ MORE