IPG Photonics Announces Agreement to Acquire CleanLASER
IPG Photonics Corporation (IPGP)
Last ipg photonics corporation earnings: 2/13 08:00 am
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Source: GlobeNewswire
MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has signed a definitive agreement to acquire Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The transaction strengthens IPG’s global position in high-precision laser systems for cleaning applications, an attractive growth market. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2024. The Company will provide more details on the transaction on its upcoming third-quarter earnings call, scheduled today for 10:00 a.m. ET. “This transaction will advance IPG’s capabilities in bringing lasers to industrial cleaning applications, serving as a great example of how we are continuing to differentiate our product offerings through new laser use cases and complete solutions that drive laser adoption and keep us ahead of the competition,” said Dr. Mark
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News
- The past three years for IPG Photonics (NASDAQ:IPGP) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Laser Cutting Machines Market Size to Surpass US$ 12.65 Billion by 2032 | Research by SNS Insider [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Co. (NASDAQ: IPGP) was downgraded by analysts at Northcoast Research from a "buy" rating to a "neutral" rating.MarketBeat
- IPG Photonics Completes Acquisition of CleanLASER [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Completes Acquisition of CleanLASERGlobeNewswire
IPGP
Earnings
- 10/29/24 - Beat
IPGP
Sec Filings
- 12/5/24 - Form 4
- 11/25/24 - Form 4
- 10/29/24 - Form 10-Q
- IPGP's page on the SEC website