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0 0 0.0033320992225101 0.00310995927434274 -0.0144390966308776 -0.0170307293594966 -0.0231580895964457 -0.0188818955942244
Stock impact report

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

Coherent Corp. (COHR) 
Last coherent corp. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
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 accretive to Coherent’s EPS. Based near Munich, Germany, Coherent’s tools for materials processing business unit employs approximately 400 people and generates approximately $100 million in annual sales. “We are pleased to have reached this agreement with Bystronic. This transaction is the result of our portfolio review process, and furthers our strategy to concentrate efforts on core growth markets and products,” said Jim Anderson, CEO of Coherent. Closing Conditions We expect the transaction to close in early 2026, subject to customary clo Show less Read more
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