Client and Seller: Ondax
Ondax is a technology company based in Monrovia, CA with advanced photonics technology for 1) glass volume holographic (Bragg) gratings, 2) wavelength stabilized diode lasers, 3) raman spectroscopy systems, components and subsystems and 4) optical films.
Buyer: Coherent, Inc.
Coherent Inc is a leading supplier of lasers and laser-based technology for scientific, commercial, and industrial customers. Based in Santa Clara, CA Coherent is a public company with global operations. Its common stock is listed on the Nasdaq Global Select Market (Nasdaq: COHR) and is part of the Russell 1000 and Standard & Poor’s MidCap 400 Index.
Ondax achieved success in multiple areas of advanced photonics technology and was renowned for their THz-Raman spectroscopy technology, advanced lasers and gratings. As part of Coherent, Ondax will be in an even better position to deliver exceptional laser products, innovation, and customer support.
Broker/Dealer: Hamilton Grant
Completion: October 2018