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COHERENT, INC. SELLS ITS INDUSTRIAL SUBSIDIARY

 SANTA CLARA, Calif., Aug. 12 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) announced today the completion of the purchase by Transfer Technology Group PLC of certain assets, liabilities, and the business of Coherent General, Inc., a wholly owned subsidiary of Coherent. Coherent General, headquartered in Sturbridge, Mass., manufactures and sells high-powered industrial laser systems. The net assets were sold at the net book value as of June 26, 1993.
 Coherent anticipates that this transaction, combined with the July 8 sale of its Coherent Hull industrial marking operations, will result in an after-tax loss from disposal of discontinued operations of approximately $2.5 million for the fourth quarter ending Sept. 25, 1993. The businesses sold represented approximately 9 percent of Coherent's total revenues of $159.3 million during the first nine months of fiscal 1993 and contributed a pretax loss of approximately $2.1 million to Coherent's total pretax profit of $9.1 million for this same period.
 Hank Gauthier, president of Coherent, said, "This transaction is consistent with our strategic decision to focus our attention on developing and selling lasers and systems for medical, scientific, OEM and micromachining applications. Following the sale of Coherent Hull, Ltd. in July to Lumonics, this transaction completes the divestiture of our industrial businesses. We are pleased that both have been acquired by outstanding companies with strong commitment to these markets and customers."
 Coherent is a world leader in the design, manufacture and sale of lasers for medical, scientific, OEM and micromachining applications. Please direct any questions to the contact listed below.
 -0- 8/12/93
 /CONTACT: Robert J. Quillinan, vice president and chief financial officer, of Coherent, 408-764-4168/
 (COHR)


CO: Coherent Inc.; Transfer Technology Group PLC; Coherent General
 Inc.; Coherent Hull Ltd. ST: California IN: CPR SU: TNM


CB-TM -- SJ003 -- 2018 08/12/93 09:30 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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