Coherent announces agreement to sell aerospace and defense business to advent for $400 million

Saxonburg, pa., aug. 13, 2025 (globe newswire) -- coherent corp. (nyse: cohr) (“coherent,” “we,” or the “company”), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its aerospace and defense business to advent, a leading global private equity investor, for $400 million. proceeds will be used to reduce debt, which will be immediately accretive to coherent's eps.
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