Axcelis Technologies and Veeco Instruments to Combine in All-Stock Merger

Vectrus and The Vertex Company to Combine in All-Stock Merger

March 7, 2022

Aerospace & Defense

Vectrus, Inc. and The Vertex Company announced an all-stock merger to create a leading global provider of mission-essential government services. The combined company will have pro forma 2021 revenue of approximately $3.4 billion, pro forma backlog of about $11.3 billion, and is expected to deliver cost synergies and enhanced capabilities while maintaining Vectrus’s NYSE listing and a Northern Virginia headquarters post-close.

II-VI Incorporated to Acquire Coherent, Inc. in Cash-and-Stock Deal

July 1, 2022

Industrial Services

II-VI Incorporated entered into an acquisition of Coherent, Inc. in a cash-and-stock transaction valued at about $6.3 billion. Under the terms, each Coherent share was exchanged for $220.00 in cash and 0.91 shares of II-VI common stock, with the deal expected to close in Q4 2021 and subject to customary approvals. II-VI later announced the acquisition completed, forming a global leader in materials, networking, and lasers.

Vega Consulting Completes Acquisition of Volt Information Sciences

April 25, 2022

Staffing & HR

Vega Consulting, an affiliate of American CyberSystems (ACS), completed its acquisition of Volt Information Sciences through a tender offer and second-step short-form merger. Vega MergerCo purchased all outstanding shares of Volt at $6.00 per share, and Volt became a wholly owned subsidiary.

Aerovate Therapeutics to Merge with Jade Biosciences

April 7, 2025

Biotechnology

Aerovate Therapeutics announced it expects to declare a cash dividend to its pre-merger stockholders in connection with its previously announced merger with Jade Biosciences. The cash dividend is expected to total $67.6 million to $69.6 million, with the closing expected no later than April 30, 2025 and subject to stockholder approvals and customary closing conditions.

Gentex Acquires VOXX International in $196M All-Cash Merger

April 1, 2025

Manufacturing

Gentex Corporation agreed to acquire VOXX International Corporation in an all-cash transaction valued at approximately $196 million, at $7.50 per share. The deal closed on April 1, 2025 after stockholder approval and satisfaction of closing conditions.

Excelitas Technologies Acquires Phoseon Technology

February 15, 2023

Manufacturing

Excelitas Technologies Corp. completed the acquisition of Phoseon Technology, Inc. on February 15, 2023, adding Phoseon's LED-based UV curing and scientific illumination capabilities to its commercial business unit. Phoseon will continue to operate from its Hillsboro, Oregon headquarters and the deal expands Excelitas' product portfolio and R&D cooperation in UV LED solutions across industrial, medical device, electronics and life-sciences end markets.