US-based Lumentum, a designer and manufacturer of innovative optical and photonic products, has announced that it is acquiring Coherent for around $5.7 billion. The two companies will merge to create a unified laser and photonics company.

LTPS laser annealing photo

Coherent is a leading supplier of ELA equipment for OLED production and in recent years the company reported a surge in system orders for flexible AMOLED production.

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Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs