IPG Photonics Announces Agreement to Acquire CleanLASER
IPG Photonics (NASDAQ: IPGP) has announced an agreement to acquire Clean-Lasersysteme GmbH (cleanLASER), a German leader in laser cleaning systems with approximately $30 million in annual revenue and 2,000 systems installed worldwide. The acquisition aims to strengthen IPG's position in the high-precision laser cleaning market. cleanLASER, founded in 1997, serves various sectors including automotive, industrial, aerospace, medical, and food industries. The transaction is expected to close in Q4 2024, subject to regulatory approval. The company highlights that laser cleaning systems offer an environmentally friendly alternative to traditional cleaning methods, requiring no cleaning media and reducing process waste.
IPG Photonics (NASDAQ: IPGP) ha annunciato un accordo per acquisire Clean-Lasersysteme GmbH (cleanLASER), un leader tedesco nei sistemi di pulizia laser con circa 30 milioni di dollari di fatturato annuale e 2.000 sistemi installati in tutto il mondo. L'acquisizione mira a rafforzare la posizione di IPG nel mercato della pulizia laser ad alta precisione. cleanLASER, fondata nel 1997, serve vari settori tra cui automobilistico, industriale, aerospaziale, medico e alimentare. Si prevede che la transazione si chiuda nel quarto trimestre del 2024, soggetta all'approvazione regolamentare. L'azienda sottolinea che i sistemi di pulizia laser offrono un'alternativa ecologica ai metodi di pulizia tradizionali, non richiedendo media di pulizia e riducendo i rifiuti del processo.
IPG Photonics (NASDAQ: IPGP) ha anunciado un acuerdo para adquirir Clean-Lasersysteme GmbH (cleanLASER), un líder alemán en sistemas de limpieza láser con aproximadamente 30 millones de dólares en ingresos anuales y 2,000 sistemas instalados en todo el mundo. La adquisición tiene como objetivo fortalecer la posición de IPG en el mercado de limpieza láser de alta precisión. cleanLASER, fundada en 1997, atiende a varios sectores, incluidos automotriz, industrial, aeronáutico, médico y alimentario. Se espera que la transacción se cierre en el cuarto trimestre de 2024, sujeta a la aprobación regulatoria. La empresa destaca que los sistemas de limpieza láser ofrecen una alternativa ecológica a los métodos de limpieza tradicionales, ya que no requieren medios de limpieza y reducen los desechos del proceso.
IPG Photonics (NASDAQ: IPGP)는 연간 수익 약 3천만 달러와 전 세계에 2,000개의 설치된 시스템을 보유한 독일의 레이저 청소 시스템 선두주자인 Clean-Lasersysteme GmbH (cleanLASER)를 인수하기 위한 협약을 발표했습니다. 이번 인수는 고정밀 레이저 청소 시장에서 IPG의 입지를 강화하는 것을 목표로 하고 있습니다. cleanLASER는 1997년에 설립되어 자동차, 산업, 항공우주, 의료 및 식품 산업을 포함한 다양한 분야에 서비스를 제공합니다. 이번 거래는 규제 승인에 따라 2024년 4분기에 마무리될 것으로 예상됩니다. 이 회사는 레이저 청소 시스템이 전통적인 청소 방법에 대한 환경 친화적 대안을 제공하며 청소 매체가 필요 없고 공정 폐기물을 줄인다고 강조합니다.
IPG Photonics (NASDAQ: IPGP) a annoncé un accord pour acquérir Clean-Lasersysteme GmbH (cleanLASER), un leader allemand dans les systèmes de nettoyage par laser, avec environ 30 millions de dollars de revenus annuels et 2 000 systèmes installés dans le monde. Cette acquisition vise à renforcer la position d'IPG sur le marché du nettoyage au laser de haute précision. cleanLASER, fondée en 1997, sert plusieurs secteurs, y compris l'automobile, l'industrie, l'aérospatial, la médecine et l'alimentaire. La transaction devrait être finalisée au quatrième trimestre 2024, sous réserve de l'approbation réglementaire. L'entreprise souligne que les systèmes de nettoyage au laser offrent une alternative respectueuse de l'environnement aux méthodes de nettoyage traditionnelles, nécessitant aucun support de nettoyage et réduisant les déchets de processus.
IPG Photonics (NASDAQ: IPGP) hat eine Vereinbarung zur Übernahme von Clean-Lasersysteme GmbH (cleanLASER), einem deutschen Marktführer für Lasereinigungssysteme mit etwa 30 Millionen Dollar Jahresumsatz und 2.000 weltweit installierten Systemen, bekannt gegeben. Ziel der Übernahme ist es, die Position von IPG im Markt für hochpräzise Lasereinigung zu stärken. cleanLASER, gegründet 1997, bedient verschiedene Sektoren, darunter die Automobil-, Industrie-, Luft- und Raumfahrt-, Medizin- und Lebensmittelindustrie. Der Abschluss der Transaktion wird für das vierte Quartal 2024 erwartet, vorbehaltlich der regulatorischen Genehmigung. Das Unternehmen hebt hervor, dass Lasereinigungssysteme eine umweltfreundliche Alternative zu traditionellen Reinigungsmethoden bieten, die keine Reinigungsmittel benötigen und den Prozessabfall reduzieren.
- Acquisition target generates approximately $30 million in annual revenue
- Expands market presence with 2,000 installed systems worldwide
- Strengthens position in growing laser cleaning applications market
- Leverages 25-year supplier relationship with cleanLASER
- Enhances product portfolio with environmentally friendly cleaning solutions
- Transaction value not disclosed
- Regulatory approval pending
- Integration costs and timeline not specified
Insights
This strategic acquisition of cleanLASER, with its
The transaction's timing and cleanLASER's established presence in diverse sectors like automotive, aerospace and medical industries suggest strong synergistic potential. While the purchase price isn't disclosed, the acquisition should strengthen IPG's market position and create new revenue streams through cross-selling opportunities and expanded application expertise.
This acquisition significantly bolsters IPG's technological portfolio in laser cleaning applications. cleanLASER's 25-year track record and specialized expertise in industrial cleaning systems will accelerate IPG's market penetration in this growing segment. The deal addresses increasing industrial demand for environmentally sustainable cleaning solutions, positioning IPG ahead of competitors in this specialized niche.
The integration of cleanLASER's technology with IPG's existing laser solutions creates a comprehensive offering that could drive faster adoption of laser cleaning across industries. The established installed base provides a solid foundation for future growth and recurring revenue from maintenance and upgrades.
Tuck-in acquisition expands IPG’s opportunity in laser cleaning applications
MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has signed a definitive agreement to acquire Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The transaction strengthens IPG’s global position in high-precision laser systems for cleaning applications, an attractive growth market. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2024. The Company will provide more details on the transaction on its upcoming third-quarter earnings call, scheduled today for 10:00 a.m. ET.
“This transaction will advance IPG’s capabilities in bringing lasers to industrial cleaning applications, serving as a great example of how we are continuing to differentiate our product offerings through new laser use cases and complete solutions that drive laser adoption and keep us ahead of the competition,” said Dr. Mark Gitin IPG Photonics’ Chief Executive Officer. “As a supplier to cleanLASER for nearly 25 years, we know this company well and believe our combined cleaning application know-how, complementary market exposure, and product and technology synergies will create value for customers.”
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
Contact
Eugene Fedotoff
Senior Director, Investor Relations
IPG Photonics Corporation
508-597-4713
efedotoff@ipgphotonics.com
About IPG Photonics Corporation
IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide. For more information, visit www.ipgphotonics.com.
Safe Harbor Statement
Information and statements provided by IPG and its employees, including statements in this press release, that relate to future plans, events or performance are forward-looking statements. These statements involve risks and uncertainties. Any statements in this press release that are not statements of historical fact are forward-looking statements. These include but are not limited to the transaction strengthens IPG’s global position in high-precision laser systems for cleaning applications, an attractive growth market, the transaction is expected to close in the fourth quarter of 2024. As well as continuing to differentiate our product offerings through new laser use cases and complete solutions that drive laser adoption and keep us ahead of the competition, and combined cleaning application know-how, complementary market exposure, and product and technology synergies will create value for customers. Factors that could cause actual results to differ materially include risks and uncertainties, including risks associated with the strength or weakness of the business conditions in industries and geographic markets that IPG serves, particularly the effect of downturns in the markets IPG serves; uncertainties and adverse changes in the general economic conditions of markets; inability to manage risks associated with international customers and operations; changes in trade controls and trade policies; IPG's ability to penetrate new applications for fiber lasers and increase market share; the rate of acceptance and penetration of IPG's products; foreign currency fluctuations; high levels of fixed costs from IPG's vertical integration; the appropriateness of IPG's manufacturing capacity for the level of demand; competitive factors, including declining average selling prices; the effect of acquisitions and investments; inventory write-downs; asset impairment charges; intellectual property infringement claims and litigation; interruption in supply of key components; manufacturing risks; government regulations and trade sanctions; and other risks identified in IPG's SEC filings. Readers are encouraged to refer to the risk factors described in IPG's Annual Report on Form 10-K (filed with the SEC on February 21, 2024) and IPG's reports filed with the SEC, as applicable. Actual results, events and performance may differ materially. Readers are cautioned not to rely on the forward-looking statements, which speak only as of the date hereof. IPG undertakes no obligation to update the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
FAQ
When will IPG Photonics (IPGP) complete the cleanLASER acquisition?
What is cleanLASER's annual revenue being acquired by IPGP?
How many laser cleaning systems does cleanLASER have installed globally?
Which markets does cleanLASER serve that IPGP will gain access to?
