February 8, 2021 · in Industry News
Lumentum acquires Coherent

Lumentum Holdings Inc. and Coherent Inc. entered into a definitive agreement under which Lumentum will acquire Coherent in a cash and stock transaction valued at $5.7 billion. The combination unites Coherent’s photonics and lasers businesses, including in the microelectronics, precision manufacturing, instrumentation, and aerospace and defense markets, with Lumentum’s telecom, datacom and 3-D sensing photonics businesses. This creates a diversified photonics technology company with significantly increased scale and market reach. The combined company will be better positioned to serve the needs of a global customer base.

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