Management

And the beat goes on

Good news on the horizon

Coherent to acquire industrial laser maker Rofin-Sinar

Laser technology company Coherent Inc. will acquire industrial laser maker Rofin-Sinar Technologies Inc. for about $942 million, according to a joint news release issued by the two companies March 16. "This transaction is aligned with our strategy of increasing our scale and pursuing accretive growth opportunities," said Coherent President and CEO John Ambroseo. "The combination of Coherent and Rofin represents a unique opportunity to strengthen Coherent’s position in materials processing. The addition of Rofin's complementary portfolio will build on Coherent’s capabilities as a world leader in laser and photonics-based technology and solutions, and create meaningful value for our stockholders."

Putting a forklift into the industrial Internet of Things

Forklifts—the workhorses of the plant floor—are more valuable than ever at ITAMCO (Indiana Technology and Manufacturing Cos.). The Plymouth, Ind.-based manufacturer of gears and other precision components connected its forklifts to the Industrial Internet of Things (IIoT), which integrates machine tools and other manufacturing equipment with networked sensors and software.