Marlborough, Massachusetts fiber laser maker founded 1990; its Davenport, Iowa unit IPG Genesis builds robotic arc and laser welding cells.
IPG Photonics Corporation is a fiber laser manufacturer headquartered in Marlborough, Massachusetts, founded in 1990 by Valentin Gapontsev and Igor Samartsev. The company designs and manufactures fiber lasers, fiber amplifiers, diode lasers, and optical components used in materials processing, medical devices, and telecommunications equipment. IPG listed on NASDAQ under the ticker IPGP in 2006 and joined the S&P 500 index in March 2018.
In November 2018, IPG Photonics agreed to acquire Genesis Systems Group, a robotic welding integrator founded in 1983 and based in Davenport, Iowa, for 115 million dollars in cash; the deal closed in the fourth quarter of 2018 and Genesis employed about 380 people at the time. Genesis Systems, now operating as IPG Genesis, has integrated more than 6,500 robots into workcells across 43 U.S. states and 17 countries, with production sites in the United States, Mexico, and Japan. It builds robotic arc welding, MIG welding, laser welding, and laser cleaning systems for more than 300 customers in transportation, aerospace, and industrial equipment manufacturing, and holds FANUC Authorized System Integrator and ABB Robotics Value Provider status.
Primary type & automation activities this supplier delivers:
Turnkey robotic arc welding workcell integrating IPG fiber laser sources with multi-axis robots for high-throughput industrial welding applications.
Contact IPG Photonics Corporation
WEBSITE
https://www.ipgphotonics.comPHONE
+1 508-373-1100HEADQUARTERS
United States
Company Facts
Founded
1990
Primary Role
Manufacturer
Company Size
-
Primary Region
North America
Annual Sales
-
Funding Stage
-
Funding Total
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