IPG Photonics to acquire Genesis Systems Group for $115 million

IPG Photonics Corporation signed a definitive agreement to acquire Genesis Systems Group, a robotic welding and automation integrator, for $115 million in cash. The transaction is expected to close in Q4 2018.

“The cash purchase price is $115 million, subject to customary closing adjustments.”sec.gov

• 4 sources
• sec.govDocumentNov 5, 2018
• einpresswire.comIPG Photonics Announces Agreement to Acquire Genesis Systems GroupNov 5, 2018
• wbjournal.comIPG acquires Iowa robotics firm for $115MZachary ComeauNov 5, 2018
• dgpcapital.comNov 2018: Automation & Controls M&A NewsDec 12, 2018

Summarized from public sources; check the original articles before acting on it.