IPG Photonics to Acquire Lumibird Medical for €350 Million
IPG Photonics has agreed to acquire Lumibird Medical, a medical laser systems company focused on ophthalmology, in a deal valued at up to €350 million. The acquisition is expected to boost IPG's exposure to higher-margin markets and increase its advanced solutions revenue mix from 16% to approximately 26%. The transaction will be funded with cash on hand.
Tickers: $IPGP
Topics: IPG Photonics Lumibird Medical medical lasers ophthalmology