![]() International Directory of Company Histories. ![]() ^ a b c d e f g h i j k l m n Grant, Tina (2000).: CS1 maint: bot: original URL status unknown ( link) Archived from the original on 5 July 2022. "II-VI completes acquisition of Coherent, will take on new name". ^ a b "II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers".10-K For the Fiscal Year Ended October 3, 2020, Coherent, Inc. The prize is a merit award of $20,500 with up to $5,000 in travel expense reimbursement to attend OSA scientific conferences. The Couillaud Prize is awarded to early-career professionals pursuing ultrafast laser research with an emphasis on solving real-world problems. Hänsch, developed the Hansch-Couillaud technique for laser frequency stabilization, and was instrumental in the development of dye, diode-pumped solid-state lasers, and Ti-sapphire lasers in his roles at Coherent. Couillaud, in collaboration with Nobel Prize Laureate Theodor W. Couillaud Prize, in honor of the former CEO of Coherent, who died in 2017. partnered in 2017 to offer the annual Bernard J. It manufactures things like lenses, mirrors, diodes, laser measurement equipment, industrial lasers, and lasers used in research labs. It operates numerous subsidiaries that focus on specific applications like engraving, drilling, or soldering. Products and services Ĭoherent provides laser-related equipment, components, and services used for a range of industries and applications. In July 2022, II-VI Incorporated completed the acquisition of Coherent Inc., with the combined company named Coherent Corp. Lasertechnologie, which produced lasers for additive manufacturing. Three years later, Coherent acquired Germany-based O.R. In early 2016, Coherent agreed to acquire the Germany-based materials processing competitor Rofin-Sinar for $942 million. In 2015, Coherent purchased Raydiance, who made lasers used in automotive and medical manufacturing, for $9.3 million. Their lasers were primarily used in micromachining in industrial processes that use lasers to add very slight amounts of heat. Ĭoherent purchased the German-based pulse laser company Lumera in 2012 for $52 million. In 2006, Coherent acquired laser equipment manufacturer Excel Technology for $376 million. J TECH PHOTONICS INC SERIESDuring his tenure, Coherent made a series of acquisitions that grew the company from $400 million to almost $2 billion in annual revenues. John Ambroseo became the CEO of Coherent in 2004. In 2003, Coherent acquired Lambda Physik, which created ultraviolet lasers used in annealing in manufacturing flat-panel televisions. Coherent then acquired a Palomar subsidiary focused on medical applications in April 1999 called Star Medical Technologies, Inc. In July 1996, Bernard Couillaud was appointed Chief Executive Officer and Hobart left the company the following year. These acquired businesses formed Coherent's new semiconductor division. In the mid-1990s, Coherent acquired Applied Laser Systems, ATx Telecom Systems, Inc., Uniphase Corporation, and 80 percent of Tutcore Oy, LTD. ![]() īy the 1990s, medical lasers accounted for half of Coherent's revenues. As a result of these changes, Coherent's productivity improved 60 percent, while its costs decreased 58 percent. He restructured the company and trained staff in manufacturing processes that were popularized in Japan, such as just-in-time manufacturing and continual improvement process. As a result of these problems, Hobart returned to the CEO position in 1988. ![]() After founder James Hobart delegated management of the company, Coherent experienced numerous problems with defective products, delayed deliveries, and poor manufacturing efficiency. Ĭoherent became the largest laser equipment and parts manufacturer in the world, but its operations were still unprofitable. ![]() The following year, it acquired Germany-based Laser-Optronic GmbH and created a joint venture with Miyama and Co. In 1981, Coherent acquired the scientific division of Germany-based Lambda Physik, a manufacturer of excimer lasers. Over time, Coherent expanded into lasers for consumer, medical, scientific, industrial, and other applications. Then, Coherent filed an initial public offering in 1970. The Rockefellers invested $250,000 in 1967 and other private investors put in an additional $250,000 the next year. The company made about $500,000 in sales its first year in operation, which grew to $6 million by 1970, after Coherent released its second generation product. They released the first commercially-available carbon dioxide laser that year. : 1 Coherent was initially funded by the founders with $10,000 from their personal savings. was founded in May 1966 by six engineers in Palo Alto, California under the name Coherent Radiation. Corporate history Origins and early funding Ĭoherent, Inc. ![]()
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