Coherent Announces Sale of UK Manufacturing Facility Following Strategic Review

Core Insights - Coherent Corp. announced the sale of its manufacturing facility in Newton Aycliffe, UK, as part of its strategy to streamline operations and optimize its global footprint [1][2]. Company Strategy - The divestment of the Newton Aycliffe plant is aimed at optimizing the company's portfolio and focusing investments on areas with the greatest long-term growth and profitability [2]. - The facility, covering 310,000 square feet, was acquired by Coherent in 2017 and is located in Aycliffe Business Park [3]. Transaction Details - Macquarie Semiconductor and Technology acted as the transaction consultant for Coherent, while Taylor Wessing provided legal advice [3].