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Bystronic has signed an agreement to acquire the 'Tools for Materials Processing' business unit of Coherent Inc., which generates annual sales of about USD 100 million and employs approximately 400 people. The acquisition will expand Bystronic into medical devices and semiconductor markets.
“Through the acquisition of the 'Tools for Materials Processing' business unit, we are expanding into adjacent applications in attractive growth markets.”ir.bystronic.com
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