EU approves Coherent purchase of Rofin-Sinar with conditions

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The Commission said its approval was conditional on the divestment of Rofin-Sinar's business in Hull, UK, which produces low power CO2 lasers. It added that it had not identified concerns in other markets due to strong alternative suppliers.

Coherent's lasers are used in digital imaging, 3-D mapping, engraving and welding, among others. Rofin's products include solid-state lasers, fiber lasers and diode lasers.

The laser industry is being pressured by falling prices and slowing growth, according to analysts.

(Reporting By Philip Blenkinsop; editing by Julia Fioretti)