Rofin-Sinar

The US based company ROFIN-SINAR Technologies Inc. develops, manufactures and sells laser sources and laser-based solutions for industrial material processing. On 7 November 2016, the company was acquired by Coherent Inc.[1] [2]

ROFIN
IndustryIndustrial Lasers
Founded1975
Headquarters
Hamburg 
,
Germany 
Area served
Worldwide
Websiterofin.com

From 1996 to November 2016, ROFIN-SINAR Technologies’ shares have been traded on the NASDAQ Stock Exchange. In addition, in July 2001, RSTI was listed on the German "Prime Standard" segment of the Frankfurt Stock Exchange under the ISIN US7750431022.

The companies wide range of laser sources, including CO2 lasers, fiber lasers, solid-state, diode and various q-switch lasers are now available at Coherent.[3]

History

The company was founded 1975 in Hamburg, Germany as "SINAR Laser Systeme Verkaufsgesellschaft mbH". Sinar is the Sanskrit for "beam of light", but this name was already used by a Swiss manufacturer of cameras. By taking over the British enterprise Rofin, the company changed its name to ROFIN-SINAR Laser GmbH.[4]

In 2015, Rofin came under significant pressure by an investor (SilverArrow Capital) to exchange the companies independent directors based on questions on compliance and below average management performance. SilverArrow, a London-based activist investment firm, currently one of the largest shareholders of the company, claiming in various public letters (SEC filing 14A 8 Oct. & 14A 28 Oct.) that the company was lacking an adequate growth strategy and had missed market opportunities for years. Before the shareholders could have a final vote on the claim in the upcoming Annual General Meeting (Bloomberg), the acquisition by the competitor Coherent Inc. was announced.[5]

References
  1. "COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies". www.prnewswire.com. Retrieved 9 August 2018.
  2. Editorial, Reuters. "EU approves Coherent purchase of Rofin-Sinar with conditions". U.S. Retrieved 9 August 2018.
  3. GmbH, Henrich Publikationen. "Erweitertes Portfolio". www.bbr.de (in German). Retrieved 9 August 2018.
  4. "History of Rofin-Sinar". Reference for Business. Retrieved 4 December 2012.
  5. "Coherent completes $942m acquisition of Rofin-Sinar Technologies | Laser Systems Europe". www.lasersystemseurope.com. Retrieved 9 August 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.