BRIEF-IPG Photonics Announces Binding Offer To Acquire Lumibird Medical, Expanding IPG’S Medical Laser Growth Platform

IPG Photonics Corporation

IPG Photonics Corporation

IPGP

0.00

July 16 (Reuters) - IPG Photonics Corp IPGP.O:

  • IPG PHOTONICS ANNOUNCES BINDING OFFER TO ACQUIRE LUMIBIRD MEDICAL, EXPANDING IPG’S MEDICAL LASER GROWTH PLATFORM

  • IPG PHOTONICS CORP - TO BUY LUMIBIRD MEDICAL FOR €300 MILLION CASH-FREE, DEBT-FREE

  • IPG PHOTONICS CORP - DEAL INCLUDES CONTINGENT EARNOUT OF UP TO €50 MILLION BASED ON 2026-2027 PERFORMANCE

  • IPG PHOTONICS CORP - ACQUISITION TO BE FUNDED WITH CASH ON HAND

  • IPG PHOTONICS CORP - DEAL EXPECTED TO BE ACCRETIVE TO GROSS MARGIN, EBITDA, AND ADJUSTED EPS

  • IPG PHOTONICS CORP: EXPECTS DEAL ALSO ADDS ABOUT $1 BILLION IN ADDRESSABLE MARKET FOR ADVANCED SOLUTIONS

Source text: ID:nGNXDtxMT

Further company coverage: IPGP.O


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