DEOS designed and manufactured carbon dioxide lasers used in electronics packaging, material processing and research applications.
Five engineers spun off a small defense-oriented division from United Technologies and successfully commercialized a line of lasers. They, along with a private equity investor, sought an opportunistic exit opportunity.
Carter Morse & Mathias arranged the sale of DEOS to Coherent, Inc. (Nasdaq: COHR ), one of the world’s leading diversified photonics companies. A complementary Coherent division was subsequently merged into DEOS, creating a major Connecticut-based employer.