Laser manufacturer nLight said Thursday it will buy a small Colorado company for $33 million in cash and stock.

The deal for Nutronics adds to complementary technologies nLight offers customers, Clark County-based nLight said. It will pay $17.5 million in cash and $15.8 million in restricted stock issued for employment agreements.

Privately held Nutronics will generate between $25 million and $40 million in revenue next year, nLight forecasts. The Clark County company reported $133.7 million in revenue through the first nine months of 2019, down from $145.2 million a year earlier.

Its 2018 IPO made nLight the first Silicon Forest company to go public in 14 years. But it has had a bumpy road in the past year as the trade war with China and a related slowdown in the Chinese economy have undercut its results.

Shares in nLight closed down 0.9% Thursday at $16.96 ahead of the Nutronics announcement. That’s slightly above last year’s $16 IPO price. The stock has traded between $12.60 and $26.77 in the past year.

-- Mike Rogoway | twitter: @rogoway | 503-294-7699