09:24 AM EDT, 10/31/2025 (MT Newswires) -- Coherent (COHR) said Friday it has agreed to sell its division that makes tools for materials processing to Bystronic.

Financial terms weren't disclosed.

Proceeds will be used to lower debt, which will be immediately accretive to Coherent's earnings per share, the company said, adding the division generates about $100 million in annual sales.

The deal is expected to close early next year, Coherent said.

Shares were 2.5% higher in recent premarket activity.