Their lasers were primarily used in micromachining in industrial processes that use lasers to add very slight amounts of heat. Ĭoherent purchased the German-based pulse laser company Lumera in 2012 for $52 million. In 2006, Coherent acquired laser equipment manufacturer Excel Technology for $376 million.
Coherent x ray series#
During his tenure, Coherent made a series of acquisitions that grew the company from $400 million to almost $2 billion in annual revenues. John Ambroseo became the CEO of Coherent in 2004. In 2003, Coherent acquired Lambda Physik, which created ultraviolet lasers used in annealing in manufacturing flat-panel televisions. Coherent then acquired a Palomar subsidiary focused on medical applications in April 1999 called Star Medical Technologies, Inc. In July 1996, Bernard Couillaud was appointed chief executive officer and Hobart left the company the following year. These acquired businesses formed Coherent's new semiconductor division. In the mid-1990s, Coherent acquired Applied Laser Systems, ATx Telecom Systems, Inc., Uniphase Corporation, and 80 percent of Tutcore Oy, LTD. īy the 1990s, medical lasers accounted for half of Coherent's revenues. As a result of these changes, Coherent's productivity improved 60 percent, while its costs decreased 58 percent. He restructured the company and trained staff in manufacturing processes that were popularized in Japan, such as just-in-time manufacturing and continual improvement process. As a result of these problems, Hobart returned to the CEO position in 1988. After founder James Hobart delegated management of the company, Coherent experienced numerous problems with defective products, delayed deliveries, and poor manufacturing efficiency. Ĭoherent became the largest laser equipment and parts manufacturer in the world, but its operations were still unprofitable. The following year, it acquired Germany-based Laser-Optronic GmbH and created a joint venture with Miyama and Co. In 1981, Coherent acquired the scientific division of Germany-based Lambda Physik, a manufacturer of excimer lasers. Over time, Coherent expanded into lasers for consumer, medical, scientific, industrial, and other applications. Then, Coherent filed an initial public offering in 1970. The Rockefellers invested $250,000 in 1967 and other private investors put in an additional $250,000 the next year. The company 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. They released the first commercially available carbon dioxide laser that year. : 1 Coherent was initially funded by the founders with $10,000 from their personal savings. was founded in May 1966 by six engineers in Palo Alto, California under the name Coherent Radiation. Corporate history Origins and early funding Ĭoherent, Inc. In 2022, II-VI Incorporated acquired Coherent, Inc. From 2004 to 2021, it grew from $400 million to almost $2 billion in revenues, in part through a series of acquisitions. Over time, Coherent acquired other laser businesses and expanded to lasers for different industries and applications. Coherent was founded in May 1966 by physicist James Hobart and five cofounders. Coherent, Inc., headquartered in Santa Clara, California is an American company that develops, manufactures and supports laser equipment and related specialty components.
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