Electro-Optics Technology Acquired by Coherent, Inc.
Electro-Optics Technology (EOT) is excited to announce that we have entered into a share purchase agreement with Coherent, Inc. (Coherent), under which EOT and its German subsidiary EOT, GmbH will join Coherent’s organization as wholly-owned subsidiaries. The proposed merger is pending regulatory review, and we expect to close as soon as possible thereafter.
“Coherent is a leading supplier of laser products and components and has recently launched strategic initiatives to expand its footprint in the aerospace and defense industry. Our proven ability to manufacturer enabling components for high power fiber lasers offers valuable synergies to support and enhance Coherent’s directed energy laser products. After a longstanding and productive tenure as a supplier to Coherent, we are delighted by this development and look forward to forthcoming collaboration in support of these and other strategic programs.”
-Dave Scerbak, CEO of Electro-Optics Technology
EOT and Coherent will develop an integration plan and further define EOT’s role within Coherent’s organization. We will provide additional information regarding ongoing and future operations as necessary during the closing period and thereafter. In the meantime, we want to assure you that we remain committed to providing you world class products and services meeting the quality standards you have come to expect from EOT over the years, and we believe that our alignment with Coherent will provide significant resources and additional capabilities that allow us to better serve your organization. To this end, we look forward to continuing to work with your organization as a member of the Coherent team.
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