Acquires “Tools for Materials Processing” business unit of US-based Coherent Inc. Unit includes Rofin brand, which was previously known as Rofin-Sinar before Coherent acquired the company in 2016.

Bystronic has announced it has 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, labelling 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. The Rofin brand was previously known as Rofin-Sinar before Coherent acquired the company in 2016.

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.

About Bystronic
Bystronic is an international sheet metal processing technology and innovation company. As a full solutions provider, the company offers advanced flat and tube laser cutting systems, press brakes, and intelligent automation solutions supported by global services. With Bystronic Software, the company is accelerating the digital transformation of the industry. Bystronic’s headquarters are located in Switzerland, with development and production facilities in Germany, Spain, Italy, China and the USA. The company serves customers in more than 30 countries with its own subsidiaries and a network of dealers and agents.

About Coherent
Coherent is a global photonics related company. They harness photons to drive innovation. Industry leaders in the data centre and communications and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth. Established in 1971 the company operates in more than 20 countries.

For further details contact Cutronic on Tel: +27 (10) 410 0200 or visit www.bystronic.com or www.dne.global