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Stock impact report

IPG Photonics Completes Acquisition of CleanLASER [Yahoo! Finance]

IPG Photonics Corporation (IPGP) 
Last ipg photonics corporation earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ipgphotonics.com
Company Research Source: Yahoo! Finance
MARLBOROUGH, Mass., Dec. 02, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has completed its acquisition of Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The purchase of cleanLaser strengthens IPG's global position in high-precision laser systems for cleaning applications by bringing additional know-how, complementary market exposure, and product and technology synergies. “The acquisition of cleanLaser aligns with IPG's strategic focus on expanding into promising new markets and applications. This move further differentiates our business by enhancing our ability to deliver comprehensive solutions that provide customers with cost-effective and environmentally sustainable alternatives to traditional industrial processes,” said Dr. Mark Gitin IPG Photonics' Chief Executive Officer. “On behalf of the entire IPG team I want to welcome the cleanLaser team to IPG Photonics and look forward to working closely with them Show less Read more
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