Monday, July 6, 2009

Newport Closes Sale Of Division

Irvine-based Newport Corporation has completed its sale of its high power diode laser manufacturing business to Oclaro, as part of the firms' earlier business swap from June. According to Oclaro, the firms closed their transaction, which was announced in June, where Newport acquired Oclaro's New Focus business, and Oclaro acquired Newport's Spectra Physics high power laser diode business.

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