Lawrence NormieYOKNEAM and TEL AVIV, Israel -- ESC Medical Systems Ltd. and Laser Industries Ltd. have announced a merger plan that would create an international heavyweight in the medical laser industry, with $185 million in projected 1997 revenues. Both partners are major players in developing cosmetic and medical laser technology. ESC's pulsed light sources, lasers and other products are used in noninvasive cosmetic medical procedures and other applications in physicians' offices. Laser Industries uses laser-based technologies for skin resurfacing, hair removal, laser surgery and other applications in...Read full articleRelated content from Photonics MediaArticlesBasler Acquires Stake in Roboception, Adds Logistics, Factory Automation CapabilitiesBasler AG has acquired 25.1% of the shares in Roboception GmbH, an intelligent 3D sensor technology developer. Financial details of the transaction were not disclosed. 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