IPG Photonics Corp.

IPG Photonics Corp.

IPG Photonics Corp.

Overview
Date Founded

1998

Headquarters

50 OLD WEBSTER ROAD, OXFORD, MA, 01540

Type of Company

Public

Employees (Worldwide)

6,060

Industries

Semiconductors
Industrial Machinery & Manufacturing
Appliances & Electronics
Electrical Products
Computer Software

Company Description

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals. The company was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.

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Executives & Employees

Director, Chief Executive & Operating Officer

Chief Financial Officer

General Counsel, Secretary & Senior Vice President

Chief Technology Officer

Vice President, Chief Accounting Officer & Corporate Controller

Senior Vice President, World Wide Sales & Marketing

Senior Vice President, US Operations

Senior Vice President, Components

Vice President, Telecommunications Products

Board of Directors

Founder at IPG Photonics Corp.

Chief Financial Officer at CloudFlare, Inc.

Former Managing Director at TA Associates Management, L.P.

Director, Chief Executive & Operating Officer at IPG Photonics Corp.

Former Chief Operating Officer at JDS Uniphase Corp.

Former Chief Financial Officer at E.I. du Pont de Nemours & Co.

Non-Executive Director & Chairman of the Board's Nominating & Compensation Committee at NXP Semiconductors NV

Chief Executive Officer & Director at Ultratech, Inc.

Member, Board of Directors at IPG Photonics Corp.

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Owners & Shareholders
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RobecoSAM’s asset management capabilities accommodate institutional asset owners and financial intermediaries and cover a range of investment products in public equities which integrate environmental, social and governance (ESG) factors into the investment process. The firm’s investment philosophy is grounded in the core belief that the integration of ESG factors into a disciplined, research-driven investment process leads to better-informed investment decisions and better risk-adjusted returns through an economic cycle. All of their investment strategies and products are designed to make a measurable environmental or societal impact. The strategy applies a systematic, long-term, bottom-up stock selection process that combines extensive proprietary ESG research with rigorous fundamental analysis. The result is a concentrated portfolio of attractively valued, sustainable companies, diversified across sectors.

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Ardevora is an active, fundamental-based manager of Global and UK Equity portfolios which aims to invest in well managed, low risk businesses. Through their cognitive psychology-based investment process they observe the behavior of company management, analysts and investors in equity markets and attempt to exploit the biases which result from their behavior. The firm believes that company management are prone to excessive risk taking and utilizes the company balance sheet and the cash flow statement as a starting point to exclude any stocks where management behavior looks excessively risky. They think that investors are prone to over-reaction and seek to identify stocks with unusually high levels of anxiety attached to them, which they feel gives their portfolios a value element.

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Foord Asset Management is an active, high conviction manager which aims to protect investor capital across all market cycles. Their investment team collectively conducts a monthly macroeconomic review to evaluate and forecast key global and local macroeconomic variables. The firm regularly reviews their investment strategy, evaluating the long-term outlook and possible scenarios determined by the macroeconomic review process. Based on the results, they determine portfolio asset allocation and sector allocation to diversify. Foord Asset Management regularly conducts company research which they summarize in a relative ranking table to identify preferred investments. Portfolio managers use the results of the investment process to construct and continuously evaluate portfolios, which are independent of specific benchmark indexes and appropriately diversified to reduce risk. Foord is committed to the Black Economic Empowerment process and acts to promote empowerment across a wide range of activities.

Recent Transactions
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IPG Photonics Corp. purchases Padtec SA /Submarine Systems Division from Padtec SA

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IPG Photonics Corp. purchases Genesis Systems Group LLC

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IPG Photonics Corp. purchases Laser Depth Dynamics, Inc. from PARTEQ Innovations

Insider Transactions
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Transaction Advisors
Auditor

Advised onIPG Photonics Corp. issued USD Common Stock

Underwriter

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Managing Director

Advised onIPG Photonics Corp. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Co-Chair, Intellectual Property Practice at Winston & Strawn LLP

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Senior Counsel at Cleary Gottlieb Steen & Hamilton LLP

Clients

Cynosure LLC engages in the development and manufacture of light-based aesthetic and medical treatment systems. Its treatment applications are used for hair removal, skin revitalization, scar reduction, gynaecological health, and body contouring and related activities. The company was founded on July 10, 1991 and is headquartered in Westford, MA.

Han's Laser Technology Industry Group Co., Ltd. engages in the manufacturing and sale of laser processing equipment. Its products include laser information marking equipment, laser engraving machines, laser welding machines, laser cutting equipment, printed circuit board equipment, photovoltaic devices, light-emitting diode packaging equipment, and components. The company also provides laser, robot and automation technology intelligent manufacturing system solutions. Han's Laser Tech Industry was founded by Yun Feng Gao on November 18, 1996 and is headquartered in Shenzhen, China.

Nadex Co., Ltd. engages in the development, manufacture, sale, and installation work of welding equipment, factory automation systems, and electronic control equipment. It also provides information technology solutions. Its operations are carried out through the following geographical segments: Japan, United States of America, China, Thailand, and Others. The geographical segments supply welding machinery and equipment. The Others segment deals with leasing business. The company was founded on October 3, 1950 and is headquartered in Nagoya, Japan.

Key Stats and Financials As of 2020
Market Capitalization
$8.23B
Total Enterprise Value
$10.7B
Earnings Per Share
$2.97
Revenue
$1.2B
Enterprise Value / Sales
8.92x
Enterprise Value EBITDAOperating
32.77x
TEVNet Income
67.11x
Debt TEV
0.01x
EBITDAMargin
27.16%
EBITDA
$326M
Total Debt
$62.2M
Total Equity
$2.59B
Net Profit
$160M
Three Year Compounded Annual Growth Rate Of Revenue
-5.19%
Investments
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Scientific & Technical Association IRE-Polus LLC engages in the manufacturing of industrial fiber lasers. Its products are designed for cutting, welding, heat treatment depositing, microprocessing and engraving, and applicable in materials processing, telecommunications, medicine and other industries. The company was founded in December 1991 by Valentin Gapontsev and is headquartered in Fryazino, Russia.

Investors
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TA Associates Management LP(TA Associates) invests in middle market companies located across North America, Europe and Asia, with an enterprise value of $100 million to $3 billion. The firm targets companies operating in the fields of technology, financial services, business services, healthcare and consumer services. It provides financing for buyouts, MBOs, leveraged recapitalizations and growth capital requirements with investments ranging from $100 million to $600 million in equity and $10 million to $50 million in subordinated debt transactions. It takes a seat on the board of directors and acquires minority or majority positions.

Details Hidden

Chairman at Genesis Systems Group LLC

Suppliers
Gooch & Housego Plc Medical Support Services | Ilminster, United Kingdom

Gooch & Housego Plc engages in the manufacture of optoelectronic components, materials and systems, and specialist instrumentation and life sciences devices. It also manufactures acousto-optic, electro-optic devices, precision optical components, fiber optic components, crystals, and systems. It operates through the following segments: Aerospace and Defence, Life Sciences, Industrial, and Corporate. The company was founded by Archibald William Charles Gooch and Leslie Housego in 1948 and is headquartered in Ilminster, the United Kingdom.

Wuxi Autowell Technology Co., Ltd. Industrial Machinery & Manufacturing | Wuxi, China

Wuxi Autowell Technology Co., Ltd. engages in the research, development, design, production, and sale of high-end smart equipment. Its products include photovoltaic equipment such as conventional stringers, multi-grid welding machines, and laser scribing machines, as well as lithium battery equipment such as cylindrical module battery pack production lines and soft package module battery pack lines. The company was founded by Zhi Yong Ge and Wen Li on February 1, 2010 and is headquartered in Wuxi, China.

Competitors
nLIGHT, Inc. Semiconductors - Vancouver, WA

nLIGHT, Inc. develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers and optical fibers. It operates through the following segments: Laser Products and Advanced Development. The Laser Products segment includes products such as fiber lasers, diodes, complete laser systems and components. The Advanced Development segment includes the operating results of Nutronics since the date of acquisition. The company was founded by Scott H. Keeney, Mark DeVito and Jason Farmer in 2000 and is headquartered in Camas, WA.

TRUMPF GmbH + Co. KG Industrial Machinery & Manufacturing - Ditzingen, Germany

TRUMPF GmbH + Co. KG engages in the manufacture of machine tools, laser technology, and electronic products. The firm offers laser cutting machines, marking systems, bending machines, automation, storage systems, and punching machines. The company was founded in 1923 and is headquartered in Ditzingen, Germany.

Lumentum Holdings, Inc. Electrical Products - San Jose, CA

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in San Jose, CA.

Awards & Honors
Rank #11
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
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