Coherent Announces Agreement to Sell Materials Processing Tools Product Division to Bystronic - Coherent (NYSE:COHR)

Coherent Announces Agreement to Sell Materials Processing Tools Product Division to Bystronic

SAXONBURG, Pa., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its product division that makes and…

Coherent Announces Agreement to Sell Materials Processing Tools Product Division to Bystronic - Coherent (NYSE:COHR)

SAXONBURG, Pa., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its product division that makes and sells tools for materials processing to Bystronic, an international leader in sheet metal processing technology and innovation. Proceeds will be used to reduce debt, which will be immediately accr…

Bystronic to acquire Coherent’s tools for materials processing business unit

Bystronic, an international provider of sheet metal processing technology, has entered into an agreement to acquire the tools for materials processing business unit of U.S.-based Coherent Inc