M&A Deal Summary

IPG Photonics Acquires Innovative Laser Technologies

On June 19, 2017, IPG Photonics acquired electrical equipment company Innovative Laser Technologies from Generation Growth Capital for 40M USD

Acquisition Highlights
  • This is IPG Photonics’ 8th transaction in the Electrical Equipment sector.
  • This is IPG Photonics’ 3rd largest (disclosed) transaction.
  • This is IPG Photonics’ 6th transaction in the United States.
  • This is IPG Photonics’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2017-06-19
Target Innovative Laser Technologies
Sector Electrical Equipment
Buyer(s) IPG Photonics
Sellers(s) Generation Growth Capital
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Innovative Laser Technologies

Minneapolis, Minnesota, United States
website
Innovative Laser Technologies, Inc. is a designer and fabricator of custom laser workstations used to produce high-value, mission-critical components for medical device, defense, energy and aerospace markets. Innovative Laser Technologies was founded in 1998 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

IPG Photonics

Oxford, Massachusetts, United States

website


Category Company
Founded 1990
Sector Electrical Equipment
Employees6,580
Revenue 1.5B USD (2021)
DESCRIPTION

IPG Photonics is a developer and manufacturer of diode-pumped high performance fiber lasers and amplifiers that enable a growing number of applications, including materials processing, medical, aerospace, medical and others. IPG's products are cost-effective and superior in performance, reliability and energy efficiency because of IPG's proprietary technology platform, materials science expertise and vertically integrated manufacturing operations. IPG Photonics was founded in 1990 and is based in Oxford, Massachusetts.


DEAL STATS #
Overall 8 of 10
Sector (Electrical Equipment) 8 of 8
Type (Add-on Acquisition) 8 of 10
State (Minnesota) 1 of 1
Country (United States) 6 of 7
Year (2017) 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 OptiGrate

Oviedo, Florida, United States

OptiGrate Corp. is a manufacturer of VBG-based filters and components. OptiGrate supplies holographic optical elements to more than 500 customers on 6 continents in optoelectronic, analytical, medical, defense, and other industries. OptiGrate was founded in 1999 and is based in Oviedo, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Laser Depth Dynamics

Kingston, Ontario, Canada

Laser Depth Dynamics, Inc. is a provider of in-process quality monitoring and control solutions for laser-based welding applications. Laser Depth Dynamics was founded in 2012 and is based in Kingston, Ontario.

Buy -

Seller(S) 1

SELLER

Generation Growth Capital

Milwaukee, Wisconsin, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Generation Growth Capital, Inc. is a lower-middle market private equity firm. Generation invests in established manufacturing, service, and distribution businesses valued up to $30 million. The Firm will consider equity and subordinated debt commitments and looks to invest $1 to $10 million per transaction. Generation Growth has offices in Milwaukee and Chicago.


DEAL STATS #
Overall 8 of 15
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Minnesota) 3 of 6
Country (United States) 8 of 15
Year (2017) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Accurate Home Care

Otsego, Minnesota, United States

Accurate Home Care is a provider of quality home health care services. Accurate Home Care's goal is to maintain and improve clients' level of independence while ensuring their utmost satisfaction. Accurate strives to consistently provide an unsurpassed level of care. Accurate Home Care was founded in 2002 and is based in Otsego, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 3rd Dimension

Westfield, Indiana, United States

3rd Dimension operates industrial 3D printing that provides its customers with end-to-end manufacturing capabilities focused on metal additive manufacturing. 3rd Dimension was founded in 2013 and is based in Westfield, Indiana.

Buy -