Materion to acquire Optics Balzers

Materion Corporation has entered into a definitive agreement to acquire Optics Balzers AG, a leader in thin film optical coatings. The transaction values Optics Balzers at 12x trailing EBITDA and is expected to close in Q3 2020.

“Materion Corporation today announced it has entered into a definitive agreement to acquire Optics Balzers, AG, an industry leader in thin film optical coatings.”investor.materion.com

• 2 sources
• investor.materion.comMaterion Corporation - Materion Corporation to Acquire Optics BalzersJun 8, 2020
• laserfocusworld.comExpanding reach in optical coatings market, Materion acquires Optics Balzers | Laser Focus WorldJun 8, 2020

Summarized from public sources; check the original articles before acting on it.