IPG Photonics Corporation(IPGP)- NASDAQ
  • Wed, Mar. 16, 4:54 PM
    • Coherent (NASDAQ:COHR) is acquiring industrial laser peer Rofin-Sinar (NASDAQ:RSTI) for $942M, or $32.50/share, in cash. The price represents a 42% premium to Rofin's Wednesday close.
    • The deal is expected to close in 6-9 months, provided shareholders and regulators approve. For reference, Coherent closed today with a $2.06B market cap.
    • Coherent plans to finance the purchase via existing cash and committed debt financing from Barclays. CEO John Ambroseo: "The combination of Coherent and ROFIN represents a unique opportunity to strengthen Coherent's position in materials processing. The addition of ROFIN's complementary portfolio will build on Coherent's capabilities as a world leader in laser and photonics-based technology and solutions and create meaningful value for our stockholders." Rofin CEO Thomas Merk declares the two companies to be "highly complementary both technologically and geographically."
    • The deal is expected to be accretive to EPS in its first full year after closing, and produce $30M/year in synergies within 18-24 months of closing. It could stoke M&A hopes for peers IPG Photonics (NASDAQ:IPGP), Newport (NASDAQ:NEWP), and GSI Group (NASDAQ:GSIG).
    • COHR and RSTI appear to be halted. CC at 5PM ET (webcast).
    • Update (5:43PM ET): After coming off a halt, Rofin-Sinar is up 44% after hours to $33.00. The price suggests some investors are betting on a higher bid.
    | Wed, Mar. 16, 4:54 PM | 3 Comments
  • Mar. 13, 2013, 4:54 PM

    IPG Photonics (IPGP) acquires Mobius Photonics, a developer of UV fiber lasers for use in micromaching, drilling, and solar panel processing apps, for an undisclosed sum. IPG asserts the UV laser market could be a "significant sales driver" in the coming years, and notes Mobius owns a broad patent that covers the use of pulsed fiber lasers to create UV light.

    | Mar. 13, 2013, 4:54 PM
Company Description
IPG Photonics Corp. develops and manufactures a broad line of fiber lasers, fiber amplifiers and diode lasers that are used for diverse applications, primarily in materials processing, advanced technologies, telecommunications and medical applications. The company sells its products globally to... More
Sector: Technology
Industry: Semiconductor - Integrated Circuits
Country: United States