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Business News
29 Mar 21
Jenoptik expects ‘significant and profitable’ growth in 2021

Company says revenue development “marked by Covid-19 pandemic” – but profitability significantly improved.

25 Mar 21
Coherent terminates Lumentum merger

Move clears the way for the laser firm to join forces with II-VI, creating the world’s largest photonics company.

24 Mar 21
Aura Biosciences lands $80M funding

Massachusetts firm is taking laser-based treatment of rare and often incurable ocular cancer to pivotal trial.

23 Mar 21
Rockley Photonics goes public in merger with SC Health – valuing group at $1.2BN

Founder Andrew Rickman remains as CEO and Chairman, as diversified silicon photonics player is set to trade on NYSE as “RKLY”.

23 Mar 21
Trumpf acquires and partners with software firm Lantek

Industrial materials processing specialist expands group’s sheet metal treatment capabilities.

23 Mar 21
Lumentum responds again as Coherent bidding war tops $7BN

Laser company is evaluating Lumentum's latest offer, with deadline of March 24 set.

18 Mar 21
II-VI raises Coherent acquisition bid to $7BN as plot twists continue

Lumentum given until March 22 to respond as II-VI’s latest cash-plus-stock offer is deemed ‘superior’.

17 Mar 21
Lumentum raises Coherent offer to $6.9BN with private equity backing

Latest bid now includes $1 billion in support from investor Silver Lake.

17 Mar 21
Semiconductor equipment market set to reach new highs

Industry group SEMI predicts three straight years of record-breaking sales, with spending expected to top $80BN in 2022.

15 Mar 21
II-VI trumps Lumentum again in Coherent plot twist

Latest move in the ongoing merger saga gives Lumentum until March 17 to respond to ‘superior’ offer.

15 Mar 21
Aeva, Ouster stocks begin trading after SPAC mergers are completed

Lidar technology developers raise a combined $860 million as they finalize stock market transitions.

12 Mar 21
Effect Photonics raises $37M to develop single-chip coherent optics

First close of its Series C round, co-led by Smile Invest and existing investor Innovation Industries.

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