Over time, Coherent Inc acquired other laser businesses and expanded to lasers for different industries and applications.
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15 Facts About Coherent Inc
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Coherent Inc was initially funded by the founders with $10,000 from their personal savings.
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3.
Coherent Inc made about $500,000 in sales its first year in operation, which grew to $6 million by 1970, after Coherent released its second generation product.
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4.
Over time, Coherent Inc expanded into lasers for consumer, medical, scientific, industrial, and other applications.
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5.
In 1981, Coherent Inc acquired the scientific division of Germany-based Lambda Physik, a manufacturer of excimer lasers.
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6.
Coherent Inc became the largest laser equipment and parts manufacturer in the world, but its operations were still unprofitable.
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7.
Coherent Inc restructured the company and trained staff in manufacturing processes that were popularized in Japan, such as just-in-time manufacturing and continual improvement process.
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In 2003, Coherent Inc acquired Lambda Physik, which created ultraviolet lasers used in annealing in manufacturing flat-panel televisions.
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In 2006, Coherent Inc acquired laser equipment manufacturer Excel Technology for $376 million.
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10.
Coherent Inc purchased the German-based pulse laser company Lumera in 2012 for $52 million.
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11.
In 2015, Coherent Inc purchased Raydiance, who made lasers used in automotive and medical manufacturing, for $9.
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12.
In early 2016, Coherent Inc agreed to acquire the Germany-based materials processing competitor Rofin-Sinar for $942 million.
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13.
Three years later, Coherent acquired Germany-based O R Lasertechnologie, which produced lasers for additive manufacturing.
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14.
Coherent Inc provides laser-related equipment, components, and services used for a range of industries and applications.
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15.
OSA Foundation and Coherent Inc partnered in 2017 to offer the annual Bernard J Couillaud Prize, in honor of the former CEO of Coherent, who died in 2017.
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