A local company has made an acquisition and is moving forward with a change of name.
Late last week II-VI Incorporated, headquartered in Saxonburg, acquired a company based in Santa Clara, California called Coherent.
The new company will be named Coherent operating globally in materials, networking, and lasers while serving the growing markets of industrial, communications, electronics, and instrumentation.
The new company’s global workforce will include more than 28,000 associates in 130 locations worldwide. The company plans to launch a new brand identity at a date to be determined in the near future.
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