Coherent Announces Agreement to Sell Materials Processing Tools Product Division to Bystronic
Coherent (NYSE: COHR) entered a definitive agreement to sell its materials processing tools product division to Bystronic, with expected closing in early 2026 subject to customary conditions. The unit employs approximately 400 people and generates about $100 million in annual sales. Proceeds will be used to reduce debt and are described as immediately accretive to EPS. Management framed the sale as part of a portfolio review to sharpen focus on core growth markets and products.
Coherent (NYSE: COHR) ha stipulato un accordo definitivo per cedere la sua divisione strumenti per la lavorazione dei materiali a Bystronic, con una chiusura prevista all'inizio del 2026 soggetta alle condizioni consentite. L'unità impiega circa 400 persone e genera circa 100 milioni di dollari di vendite annuali. Il ricavato sarà utilizzato per ridurre il debito e viene descritto come immediatamente accrescitivo per l'EPS. La direzione ha presentato la vendita come parte di una revisione del portafoglio per concentrarsi maggiormente sui mercati e sui prodotti chiave in crescita.
Coherent (NYSE: COHR) ha firmado un acuerdo definitivo para vender su división de herramientas de procesamiento de materiales a Bystronic, con cierre previsto a principios de 2026 sujeto a las condiciones habituales. La unidad emplea aproximadamente unas 400 personas y genera alrededor de 100 millones de dólares en ventas anuales. Los ingresos se utilizarán para reducir la deuda y se describen como inmediatamente acretivos para el EPS. La dirección enmarcó la venta como parte de una revisión de cartera para enfatizar el enfoque en mercados y productos clave de crecimiento.
Coherent (NYSE: COHR)는 Bystronic에 자사의 재료 가공 도구 부문을 매각하기로 하는 확정 계약을 체결했으며, 일반적인 조건에 따라 2026년 초에 종료될 것으로 예상됩니다. 이 부서는 약 400명을 고용하고 연간 매출은 약 1억 달러에 이릅니다. 매각 수익은 부채를 감소시키는 데 사용되며 즉시 EPS에 기여하는 것으로 설명됩니다. 경영진은 이 매각을 핵심 성장 시장과 제품에 집중하기 위한 포트폴리오 검토의 일부로 제시했습니다.
Coherent (NYSE: COHR) a signé un accord définitif pour vendre sa division d’outils de traitement des matériaux à Bystronic, avec une clôture prévue au début de 2026 sous réserve des conditions habituelles. L’unité emploie environ 400 personnes et génère environ 100 millions de dollars de ventes annuelles. Le produit de la vente sera utilisé pour réduire la dette et est décrit comme immédiatement positif sur l’EPS. La direction a présenté la vente comme faisant partie d’un réexamen du portefeuille afin de se concentrer sur les marchés et les produits clés à forte croissance.
Coherent (NYSE: COHR) hat eine endgültige Vereinbarung zum Verkauf ihrer Division Materials Processing Tools an Bystronic unterzeichnet, mit voraussichtlichem Abschluss Anfang 2026 vorbehaltlich üblicher Bedingungen. Die Einheit beschäftigt etwa 400 Mitarbeiter und erzielt jährlich rund 100 Millionen USD Umsatz. Der Erlös wird zur Reduzierung der Verschuldung verwendet und wird als unmittelbar EPS-unterstützend beschrieben. Das Management stellte den Verkauf im Rahmen einer Portfolioprüfung dar, um den Fokus auf Kernwachstums-Märkte und -Produkte zu schärfen.
Coherent (NYSE: COHR) أعلنت عن اتفاق نهائي لبيع وحدة أدوات معالجة المواد إلى Bystronic، مع إغلاق متوقع في أوائل 2026 رهناً بالشروط المعتادة. الوِحدة توظف نحو 400 موظف وتحقق نحو 100 مليون دولار من المبيعات السنوية. سيتم استخدام العائدات لتخفيض الدين وتوصف بأنها فوريًا مساهمة إيجابية في EPS. وصفت الإدارة البيع بأنه جزء من مراجعة المحفظة بهدف تعزيز التركيز على الأسواق والمنتجات الأساسية ذات النمو.
- Proceeds earmarked to reduce debt
- Transaction said to be immediately accretive to EPS
- Seller focuses resources on core growth markets
- Divested unit generates ~$100M annual sales
- Business unit employs ~400 people, reducing scale
- Closing subject to customary conditions; timing uncertain
Insights
Coherent will sell its materials processing tools division (~400 employees,
Coherent agreed to sell its product division that makes and sells tools for materials processing to Bystronic. The unit employs approximately 400 people and generates approximately
Completion depends on customary closing conditions and is expected in
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
“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 closing conditions.
About Coherent
Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter & communications and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.
Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. Visit our website at coherent.com.
Forward-Looking Statements
This press release contains statements, estimates, and projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. The words "expect," "anticipate," "estimate" and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, including statements about the timing of closing of the sale of our Aerospace and Defense business, the use of proceeds therefrom, the impact of the sale on our financial results, and our expectations with respect to optimizing our strategic portfolio and focusing on core growth markets, are forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements contained herein are not guarantees of future performance and are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from its historical experience and our present expectations or projections.
The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the terms of the Company’s indebtedness and ability to service such debt, (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) changes in demand in the Company’s end markets along with the Company’s ability to respond to such market changes; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company’s ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in research and development and commercialization of innovations; (xi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other “Risk Factors” identified from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.
Media Contacts
For Coherent:
Rob Beard
Chief Legal & Global Affairs Officer
corporate.communications@coherent.com
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