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IPG Photonics Announces Agreement to Acquire Genesis Systems Group

Nov 06, 2018 - ICT Monitor Worldwide

(GlobeNewswire) - IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has signed a definitive agreement to acquire privately held Genesis Systems Group (Genesis), a leader in the integration of robotic welding and automation solutions. The transaction has been approved by the Board of Directors of each company. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2018.

Based in Dav...