IPG Photonics Corp.

Company Overview

Founded in 1990 and headquartered in Massachusetts, IPG Photonics manufactures high-performance fiber amplifiers and fiber lasers for medical, materials processing and communication applications worldwide. The company operates through six segments, namely high-power continuous wave (CSV) lasers, pulsed lasers, laser and non-laser systems, medium-power CW lasers, quasi-continuous wave (QCW) lasers, and others. The company develops and manufactures a broad line of high-performance fiber lasers, fiber amplifiers and diode lasers that are used for diverse applications, primarily in materials processing.

The major manufacturing facilities of IPG Photonics are in the U.S., Germany and Russia. It has sales service offices and applications laboratories worldwide. However, the company is heavily dependent on China for its net revenue. The company is primarily focused on strategic acquisition activities in order to enhance its product offerings and strengthen its business presence.

Financial Highlights (FY 2023)

Company's Business Segments

• Fiber Laser Technology : The company provides a wide range of high-performance lasers and laser systems for use in materials processing, medical procedures, and advanced applications.