Coherent (COHR) has entered into a definitive agreement to sell its product division that makes and sells tools for materials processing to Bystronic. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS. “We are pleased to have reached this agreement with Bystronic. This transaction is the result of our portfolio review process, and furthers our strategy to concentrate efforts on core growth markets and products,” said Jim Anderson, CEO of Coherent. The company expect the transaction to close in early 2026, subject to customary closing conditions.
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