IPG Photonics Corp.

IPG Photonics Corp.

IPG Photonics Corp.

Overview
Date Founded

1998

Headquarters

50 OLD WEBSTER ROAD, OXFORD, MA, 01540

Type of Company

Public

Employees (Worldwide)

5,960

Industries

Semiconductors
Appliances & Electronics
Electrical Products
Computer Software

Company Description

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals. The company was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.

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Executives & Employees

Chief Financial Officer

Chief Operating Officer

General Counsel, Secretary & Senior Vice President

Chief Technology Officer

Vice President, Chief Accounting Officer & Corporate Controller

Senior Vice President, World Wide Sales & Marketing

Senior Vice President, US Operations

Senior Vice President, Components

Board of Directors

Founder at IPG Photonics Corp.

Founder at Lego Ventures LLC

Chief Financial Officer at CloudFlare, Inc.

Former Chief Executive Officer & Director at Oclaro, Inc.

Former Chief Financial Officer at DuPont

Former Managing Director at TA Associates Management, L.P.

Non-Executive Director & Chairman of the Board's Nominating & Compensation Committee at NXP Semiconductors NV

Chief Executive Officer & Director at Ultratech, Inc.

Member, Board of Directors at IPG Photonics Corp.

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Owners & Shareholders
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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

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IAM is an active, long-only manager which aims to provide long-term risk-adjusted returns. Their investments are based on a strong conviction that among other macro-economic trends, population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. IAM believe the transition to a more sustainable global economy provides a helpful backdrop to construct high conviction, low turnover equity portfolios that are well positioned to achieve long term capital growth. They offer a range of thematic and unconstrained global equity strategies as well as real asset funds focused on the growth opportunity arising from a sustainable economy. IAM seek to generate outperformance over the long term by investing in the most attractive stocks identified by a research intensive, bottom-up, and stock picking process. The bottom-up process is complemented by a top-down framework to ensure that research is focused on the most promising regions and sectors.

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AXA IM-UK focuses on investment areas where they have a competitive edge within each asset class. They are organized in small investment teams dedicated to a specific instrument, sector, region or strategy. Each team is supported by a shared pool of fundamental research resources and empowered to make investment decisions. With fundamental research at the core of their process, their investment professionals seek out and develop sources of alpha across world markets. AXA IM-UK's research is organized along investment strategy, equity and fixed-income and is supported by proprietary quantitative resources and an extensive company visit program.

Recent Transactions
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IPG Photonics Corp. purchases Padtec SA /Submarine Systems Division from Padtec SA

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IPG Photonics Corp. purchases Genesis Systems Group LLC

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IPG Photonics Corp. purchases Laser Depth Dynamics, Inc. from PARTEQ Innovations

Insider Transactions
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Transaction Advisors
Auditor

Advised onIPG Photonics Corp. issued USD Common Stock

Underwriter

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Legal Advisor

Advised onIPG Photonics Corp. issued USD Common Stock

Managing Director

Advised onIPG Photonics Corp. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Chair, Employee Benefits & Executive Compensation Practice at Winston & Strawn LLP

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Senior Counsel at Cleary Gottlieb Steen & Hamilton LLP

Clients

Cynosure LLC engages in the development and manufacture of light-based aesthetic and medical treatment systems. Its treatment applications are used for hair removal, skin revitalization, scar reduction, gynaecological health, and body contouring and related activities. The company was founded on July 10, 1991 and is headquartered in Westford, MA.

Han's Laser Technology Industry Group Co., Ltd. engages in the manufacturing and sale of laser processing equipment. Its products include laser information marking equipment, laser engraving machines, laser welding machines, laser cutting equipment, printed circuit board equipment, photovoltaic devices, light-emitting diode packaging equipment, and components. The company also provides laser, robot and automation technology intelligent manufacturing system solutions. Han's Laser Tech Industry was founded by Yun Feng Gao on November 18, 1996 and is headquartered in Shenzhen, China.

Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. manufactures laser and automation equipment and provides related solutions. Its core businesses include lithium battery automation, wind-cooled ultraviolet (UV) laser equipment, large scale automated production line, large scale laser cutting equipment, sapphire cutting equipment, printed circuit board (PCB) labelling systems, and so on. The company was founded on April 3, 2008 and is headquartered in Shenzhen, China.

Key Stats and Financials As of 2019
Market Capitalization
$13.3B
Total Enterprise Value
$6.69B
Earnings Per Share
$3.35
Revenue
$1.31B
Net Profit
$180M
EBITDA
$387M
EBITDAMargin
29.45%
Total Debt
$67.4M
Total Equity
$2.4B
Enterprise Value / Sales
5.09x
Enterprise Value EBITDAOperating
17.21x
TEVNet Income
37.11x
Debt TEV
0.01x
Three Year Compounded Annual Growth Rate Of Revenue
9.32%
Non-Profit Donations & Grants
$250 - $499
2017
Investments
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Scientific & Technical Association IRE-Polus LLC engages in the manufacturing of industrial fiber lasers. Its products are designed for cutting, welding, heat treatment depositing, microprocessing and engraving, and applicable in materials processing, telecommunications, medicine and other industries. The company was founded in December 1991 by Valentin Gapontsev and is headquartered in Fryazino, Russia.

Investors
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The Marconi Company originally known as The Wireless Telegraph & Signal Company was a British telecommunications and engineering company. The company was founded in 1897 by the Italian inventor Guglielmo Marconi and was in operation until 2006. The company was a pioneer of wireless long distance communication and mass media broadcasting, eventually becoming one of the UKs most successful manufacturing companies. In 1999, its defense manufacturing division, Marconi Electronic Systems, merged with British Aerospace to form BAE Systems. In 2006, extreme financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by Ericsson.

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Chairman at Genesis Systems Group LLC

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TA Associates Management LP(TA Associates) invests in middle market companies located in North America, Europe and Asia with an enterprise value of $100 million to $3 billion. The firm targets companies operating in the fields of technology, financial services, business services, healthcare and consumer services. It provides financing for buyouts, MBOs, leveraged recapitalizations and growth capital requirements with investments range from $75-$500 million in equity and $10-$50 million in subordinated debt transactions. It takes a seat on the board of directors and acquires minority or majority positions.

Suppliers
Gooch & Housego Plc Medical Support Services | Ilminster, United Kingdom

Gooch & Housego Plc engages in the manufacture of optoelectronic components, materials and systems, and specialist instrumentation and life sciences devices. It also manufactures acousto-optic, electro-optic devices, precision optical components, fiber optic components, crystals, and systems. It operates through the following segments: Aerospace and Defence, Life Sciences, Industrial, and Corporate. The company was founded by Archibald William Charles Gooch and Leslie Housego in 1948 and is headquartered in Ilminster, the United Kingdom.

Hebei Sinopack Electronic Technology Co., Ltd. Wholesale: Industrial Products & Manufacturing | Shijiazhuang, China

Hebei Sinopack Electronic Technology Co., Ltd. engages in the research, development, production, and sale of electronic ceramic products. It offers optical communication device housing, wireless power device housing, infrared detector housing, high-power laser housing, saw crystal type housing, 3D light sensor module housing, 5G communication terminal module housing, aluminum nitride ceramic substrate, ceramic element, and integrated heater. The company was founded on August 6, 2009 and is headquartered in Shijiazhuang, China.

Competitors
Lumentum Holdings, Inc. Electrical Products - San Jose, CA

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.

nLIGHT, Inc. Semiconductors - Vancouver, WA

nLIGHT, Inc. develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers and optical fibers. It operates through the following segments: Laser Products segment and Advanced Development segment. The Segment Laser Products includes products such as fiber lasers, diodes, complete laser systems and components. The Segment Advanced Development includes the operating results of Nutronics since the date of acquisition. The company was founded by Scott H. Keeney, Mark DeVito and Jason Farmer in 2000 and is headquartered in Vancouver, WA.

Coherent, Inc. Semiconductors - Santa Clara, CA

Coherent, Inc. engages in the design, manufacture, and service of lasers and related accessories. It operates through the following business segments: OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS). The OLS segment focuses on laser sources and complex optical sub-systems, typically used in microelectronics manufacturing, medical diagnostics, and therapeutic medical applications. The ILS segment covers laser sources, sub-systems, and tools primarily used for industrial laser materials processing. The company was founded by Eugene Watson on May 26, 1966 and is headquartered in Santa Clara, CA.

Awards & Honors
Rank #11
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
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