IPG Photonics Announces Agreement to Acquire Genesis Systems Group
IPG Photonics Corporation (IPGP)
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Source: GlobeNewswire
Genesis a leader in the integration of robotic welding and automation solutions OXFORD, Mass., Nov. 05, 2018 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has signed a definitive agreement to acquire privately held Genesis Systems Group (Genesis), a leader in the integration of robotic welding and automation solutions. The transaction has been approved by the Board of Directors of each company. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2018. Based in Davenport, Iowa and with production facilities in the U.S., Mexico and Japan, Genesis is a qualified robotic systems integrator for more than 300 blue-chip customers in the transportation, aerospace and industrial end markets. Genesis has more than 35 years of robotic system design and integration experience, having integrated more than 6,500 robots with workcells in 43 U.S. states and 17 c
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News
- IPG Photonics Launches Cobot Laser Welding and Cleaning System [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Launches Cobot Laser Welding and Cleaning SystemGlobeNewswire
- Investing in IPG (IPGP)? Don't Miss Assessing Its International Revenue Trends [Yahoo! Finance]Yahoo! Finance
- IPG Photonics First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Co. (NASDAQ: IPGP) had its price target lowered by analysts at Citigroup Inc. from $74.00 to $68.00. They now have a "sell" rating on the stock.MarketBeat
IPGP
Earnings
- 4/30/24 - Beat
IPGP
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form ARS
- 5/9/24 - Form DEF
- IPGP's page on the SEC website