II-VI Incorporated in Saxonburg, Pennsylvania recently announced that it has acquired the Zurich, Switzerland-based semiconductor laser business of Oclaro, Inc. in a transaction valued at $115 million.
The acquisition provides II-VI with semiconductor laser technology used in industry-leading laser system products including fiber lasers and direct diode lasers for material processing, medical, consumer and fiber optic communication applications. The gallium arsenide semiconductor laser business was originated by IBM Zurich and was integrated with the gallium arsenide semiconductor laser assets in Tucson, Arizona acquired from Newport Spectra-Physics in 2009. II-VI will operate the business as II-VI Laser Enterprise GmbH.
