Laser manufacturer Coherent has exceeded $2.0 billion in annual orders, with net sales of $1.72 billion and a net income of $207.1 million for the fiscal year ending 30 September 2017, a 101 per cent and 137 per cent increase respectively compared to the previous year

CMR, a European private investor, has acquired the UK division of Rofin-Sinar from Coherent.

Laser maker Coherent has bought Rofin-Sinar Technologies for $942 million. Coherent paid $32.50 per share, representing a 41.7 per cent premium on Rofin's stock price