IPG Photonics Announces Agreement to Acquire Padtec Submarine Networks Division

摘要

Acquisition will leverage core IPG fiber amplifier technology to advance the market for submarine networking systems IPG Photonics Corporation (NASDAQ: IPGP) announced that it has signed a definitive agreement to acquire the submarine networks division (SND) of Padtec SA, a communications equipment company based in Brazil. Padtec SND is a provider of submarine networking technology and systems. The transaction has been approved by the Board of Directors of each company. Subject to satisfaction of customary closing conditions, the transaction is expected to close in the first quarter of 2019.