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Slide #91. IPG Photonics Corporation — Mobius Photonics
Acquirer:
IPG Photonics Corporation (NASDAQ:IPGP)
Acquiree:
Mobius Photonics
Details:
IPG Photonics Corporation (NASDAQ:IPGP) today announced the acquisition of privately held Mountain View, California-based Mobius Photonics to accelerate its entry into the UV laser market and deepen IPG's development team. Mobius provides high-power pulsed UV fiber lasers for micromachining, such as dicing and scribing of wafers, and VIA drilling and solar hybrid panel processing.
IPG Photonics develops, manufactures and sells fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. Co. also makes packaged diodes, direct diode lasers, laser and non-laser systems and communications components and systems. Majority of Co.'s products are designed to be used as general-purpose energy or light sources. Co.'s laser products are based on a proprietary technology platform using majority of the same primary components, such as semiconductor diodes and specialty fibers, which it configures to its customers' specifications.
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Buy (2.62 out of 4) 9th percentile
(ranked lower than approx. 91% of all stocks covered)
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