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GSI’s $360M Purchase Sets Laser Firms on Coherent Path

Erik Mellgren 7/10/08

Billerica, MA-based GSI Group (NASDAQ: GSIG) announced today that it will buy Excel Technology, (NASDAQ: XLTC) of East Setauket, NY, for $360 million in cash. Both companies produce lasers and laser systems and have operations in numerous locations around the world.

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