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ESI to Acquire New Wave Research for $36M

Electro Scientific Industries Inc., a manufacturer of photonic and laser instruments, announced Thursday that it has agreed to purchase New Wave Research Inc. for $36 million. ESI said the sale price is roughly equivalent to NWR's current annual revenue. Founded in 1990, NWR is based in Fremont, Calif., and manufactures laser-based systems and components. NWR specializes in sapphire wafer scribing and laser micro-machining, ESI said, adding that the transaction should close within 30 days. Established in 1944, ESI is headquartered in Portland, Oregon.


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