Bystronic to acquire the materials processing tools product division from Coherent.

Bystronic, a sheet metal processing technology and innovation company, agreed to acquire the materials processing tools product division from Coherent, a global photonics company. Financial terms were not disclosed. “Through the acquisition of the ‘Tools for Materials Processing’ business unit, we are expanding into adjacent applications in attractive growth markets. This acquisition is an excellent technological and cultural fit for us, and I am excited to welcome the employees and customers of Bystronic Rofin,” Domenico Iacovelli, Bystronic CEO.