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IPG Photonics Acquires Genesis

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IPG Photonics Corp. announced that it has signed a definitive agreement to acquire privately held Genesis Systems Group, a developer of robotic welding and automation solutions. The transaction has been approved by the board of directors of each company. The transaction is expected to close in the fourth quarter of 2018. Based in Davenport, Iowa, and with production facilities in the U.S., Mexico, and Japan, Genesis is a qualified robotic systems integrator for more than 300 blue-chip customers in the transportation, aerospace, and industrial end markets. Genesis has more than 35 years...Read full article

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