Han's Laser acquires specialty optical fiber maker CorActive
Effective November 4, 2016, laser equipment manufacturer Han's Laser has acquired CorActive High-Tech.
Effective November 4, 2016, laser equipment manufacturer Han's Laser (Shenzhen, China) has acquired CorActive High-Tech (Québec City, QC, Canada), which makes specialty optical fiber and fiber laser modules.
With the acquisition, CorActive is now a subsidiary of the $1 billion Chinese company. CorActive, however, will remain independent and continue its operation in Québec City.
For Han's Laser, CorActive would be a "small, but highly strategic acquisition," as it would help the Chinese laser maker boost its capabilities in fiber laser manufacturing and expand into new applications and geographies.
For more information, please visit www.coractive.com and www.hanslaser.net.