Photonics firms report growth
A quarterly update on the most recent photonics firm financial postings
A quarterly update on the most recent photonics firm financial postings
Records in both annual sales and orders received have been broken by laser manufacturers throughout 2017, with global politics having little effect on business so far
Fibre laser manufacturer IPG Photonics has generated revenue of $392.6 million and a net income of $115.6 million in the third quarter of 2017 ending 30 September
Fibre laser manufacturer IPG Photonics has generated revenue of $369.4 million in the second quarter of 2017, a significant 46 per cent increase year-over-year. Coherent posted Q3 sales of £464.1 million
Fibre laser expert IPG Photonics has signed an agreement to acquire laser system manufacturer Innovative Laser Technologies for $40 million
IPG Photonics has acquired OptiGrate, a manufacturer of chirped volume Bragg grating (VBG) technologies and thermos-refractive glass, for an undisclosed sum
IPG Photonics has reported annual sales exceeding $1 billion in 2016, an increase of 12 per cent year-over-year
IPG Photonics manufactures active fibre lasers, direct diodes and amplifiers operating at 0.5-2 microns for applications in materials processing, telecommunications, and scientific research. Industrial lasers operating at 1 micron are available from 10W to greater than 50kW. These devices feature low divergence, air cooling, high electrical efficiency and unparallelled diode life. IPG's newly developed mid-IR lasers, operating at 2-5 microns, offer cost-effective solutions for sensing, spectroscopy, material processing and medical applications.
IPG Photonics has appointed Mr John Beaupré to IPG's Systems Sales Team. Beaupré comes to IPG with over 30 years in the laser industry
IPG Photonics has entered into an agreement to acquire Menara Networks, a provider of optical transmission modules and systems, which will allow IPG to expand its current telecom product offerings