Advent said Wednesday it will acquire the business, including around 550 employees and 10 geographic sites, for $400 million. The deal is projected to be finalized in the third quarter of 2025, subject to standard closing conditions. Once the sale is completed, the acquired business will transition to a new name, which will be revealed later. The Aerospace and Defense business, which offers advanced optical and laser technologies for defense use, will remain under the Coherent brand until then.
Proceeds from the sale are earmarked for debt reduction, which is expected to impact Coherent’s earnings per share.
Remarks From Coherent, Advent Executives
“We are pleased to have reached this agreement with Advent. As part of our strategic portfolio optimization process, this transaction furthers our strategy to concentrate efforts on core growth markets and products,” said Jim Anderson, CEO of Coherent.
“We believe Coherent’s Aerospace and Defense business is an exceptional business with a distinguished heritage in pioneering optical and laser technology for the world’s most demanding applications,” said Shonnel Malani, managing partner at Advent. “This acquisition is complementary to our existing investments in the sector and underscores our commitment to investing in mission-critical national security technologies.”
PDW is acquiring Vanteon to expand tactical communications capabilities The acquisition will bring expertise in RF systems, software-defined radios and…
CISA is planning a $100 million cyber operations contract supporting threat-hunting missions The requirement will provide technical and operational support…
Valiant Solutions is expanding its cybersecurity portfolio through the acquisition of BreakPoint Labs The acquisition will bring operational technology security,…
