IPG Photonics Completes Acquisition of CleanLASER

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"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.” Founded in 1997 and based in Herzogenrath, Germany, cleanLASER is a leader and pioneer in expanding the usage of lasers for industrial cleaning, with an installed base of approximately 2,000 systems worldwide and approximately $30 million in annual revenue.

Acquisition Accelerates IPG Entry Into Growing Laser Cleaning SolutionsMARLBOROUGH, 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.

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Author / Journalist: IPG Photonics Corporation

Category: Technology

Markets: ChinaGermany

Topics: Nasdaq:IPGP US44980X1090

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 21:00:00 (2 weeks ago)

News Timezone: GMT +8:00

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Language: English

Article Length: 280 words

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News ID: 24057984

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