Coherent - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Coherent M&A Summary

Coherent has acquired 15 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms.

Coherent’s largest acquisition to date was in 2018, when it acquired Finisar for $3.2B. Coherent has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include semiconductors (39%) and electrical equipment (16%).

Coherent Business Overview

Where is Coherent headquartered?

Coherent is headquartered in Saxonburg, Pennsylvania.

What is Coherent’s revenue?

Coherent disclosed revenue of 5,160M USD for 2023 and 3,317M USD for 2022.

How many employees does Coherent have?

Coherent has 26,000 employees.

What sector is Coherent in?

Coherent is a test/measurement equipment company.

When was Coherent founded?

Coherent was founded in 1971.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 8
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Coherent

Coherent Corp.

375 Saxonburg Boulevard,
Saxonburg, Pennsylvania 16056
United States,
(724) 352-4455
www.coherent.com

Coherent provides engineered materials and opto-electronic components and is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent was founded in 1971 and is based in Saxonburg, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 11 1 1 - - - 13
vol $3.7B $3.7B
Sell (0.0/yr) # - - - - - - 0
  13

Most Recent M&A

Company Date Value Type
Coherent, Inc. 2021-03-25 - Add-on Acquisition
Santa Clara, California · www.coherentinc.com
Ascatron AB 2020-08-12 - Add-on Acquisition
Stockholm, Sweden · www.ascatron.com
Finisar Corp. 2018-11-09 3.2B USD Add-on Acquisition
Sunnyvale, California · www.finisar.com
Integrated Photonics, Inc. 2017-06-19 45M USD Add-on Acquisition
Hillsborough, New Jersey · www.integratedphotonics.com
DirectPhotonics Industries GmbH 2016-10-12 - Add-on Acquisition
Berlin, Germany · www.directphotonics.com
Anadigics, Inc. 2016-02-29 78M USD Add-on Acquisition
Warren, New Jersey · www.anadigics.com
EpiWorks, Inc. 2016-02-01 43M USD Add-on Acquisition
Champaign, Illinois · www.epiworks.com
Oclaro Switzerland GmbH. 2013-09-12 115M USD Divestiture
Zurich, Switzerland
M Cubed Technologies, Inc. 2012-11-01 71M USD Add-on Acquisition
Newtown, Connecticut · www.mmmt.com
Aegis Lightwave, Inc. 2011-07-05 52M USD Add-on Acquisition
Woburn, Massachusetts · www.aegis-semi.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Semiconductors 5 (38%) 282M (8%) - -
Electrical Equipment 2 (15%) - - -
Consumer Products 1 (8%) - - -
Electronics 1 (8%) 52M (1%) - -
Machinery 1 (8%) 71M (2%) - -
Manufacturing 1 (8%) 45M (1%) - -
Technology Hardware 1 (8%) 3.2B (88%) - -
Test/Measurement Equipment 1 (8%) - - -
Total 13 $3.7B - -

By Geo

State/Country Buy Value Sell Value
United States 8 3.5B - -
  New Jersey 2 123M - -
  California 2 3.2B - -
  Pennsylvania 1 - - -
  Massachusetts 1 52M - -
  Illinois 1 43M - -
  Connecticut 1 71M - -
Germany 2 - - -
China 1 46M - -
Sweden 1 - - -
Switzerland 1 115M - -
Domestic 8 (62%) 3.5B (96%) - -
Cross-border 5 (38%) 161M (4%) - -
Total 13 $3.7B - -

Top M&A Advisors

Financial Deals
Wunderlich Securities, Inc.
1
BofA Securities
1
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Sherrard, German & Kelly
1
K&L Gates
1

Deal Values

buy # Total
> $1B 1 $3.2B
$100M to $1B 1 $115M
< $100M 6 $335M
TOTAL $3.7B
Largest Finisar Corp.
$3.2B (2018-11-09)

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Strategic(s)
8%
1 (8%)

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