Coherent acquires StockerYale

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Coherent has announced that it has acquired the North American operations of StockerYale in an asset purchase valued at $15m cash. Coherent has acquired all the assets and certain operating liabilities of StockerYale's laser module product line in Montreal, Canada, as well as the speciality fibre product line in New Hampshire, USA.

John Ambroseo, president and chief executive of Coherent stated that 'In acquiring these two product lines, we gain access to the machine vision market and expand our bioinstrumentation opportunities through the laser diode module business. We also add core fibre technology, which will improve our time to market and enhance both the performance and reliability of our fibre-based product platforms.'