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

Core Viewpoint - Coherent Corp. has entered into a definitive agreement to sell its materials processing tools division to Bystronic, aiming to reduce debt and enhance earnings per share (EPS) [1][2]. Group 1: Transaction Details - The materials processing business unit employs approximately 400 people and generates around $100 million in annual sales [2]. - The transaction is expected to close in early 2026, pending customary closing conditions [3]. Group 2: Strategic Focus - The sale is part of Coherent's strategy to concentrate on core growth markets and products, as stated by the CEO Jim Anderson [2]. - The proceeds from the sale will be utilized to reduce the company's debt, which will be immediately accretive to Coherent's EPS [1]. Group 3: Company Overview - Coherent is recognized as a global leader in photonics, providing technology solutions for data centers, communications, and industrial markets [4]. - The company has been operational since 1971 and has a presence in over 20 countries, offering a broad technology stack and supply chain resilience [5].