IPG Photonics Announces Agreement to Acquire Innovative Laser Technologies
IPG Photonics Corporation (IPGP)
Last ipg photonics corporation earnings: 2/13 08:00 am
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Source: GlobeNewswire
OXFORD, Mass., June 19, 2017 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has signed a definitive agreement to acquire Innovative Laser Technologies (ILT), for $40 million in cash. ILT’s expertise in producing high-precision laser-based systems will accelerate IPG’s ability to deliver best-in-class standardized and turnkey systems solutions to the medical device industry and other key end user markets. Subject to satisfaction of customary closing conditions, the transaction is expected to close in early July 2017. ILT is a Minneapolis, Minnesota-based designer and manufacturer of laser-based systems used to produce high-value, critical components primarily for the medical device industry. ILT provides its medical device OEM customers with a full suite of turnkey solutions, including customized machine engineering, laser application design, and integration services as well as full post-integration support. The company’s systems incorporate user
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IPGP
Earnings
- 2/13/24 - Miss
IPGP
Sec Filings
- 4/25/24 - Form 4
- 4/3/24 - Form 4
- 4/1/24 - Form 144
- IPGP's page on the SEC website