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IPG Photonics to Acquire Genesis Systems Group

Thursday, November 8, 2018
 
IPG Photonics Corporation, an Oxford, MA-based provider of fiber lasers and amplifiers, announced that it has signed a definitive agreement to acquire privately held Genesis Systems Group, a Davenport, IA-based provider of integrated robotic welding and automation solutions.

Genesis is a qualified robotic systems integrator for more than 300 blue-chip customers in the transportation, aerospace and industrial end markets, having integrated more than 6,500 robots with workcells in 43 U.S. states and 17 countries.

"The acquisition of Genesis is an important step in IPG's evolution to becoming a more complete provider of welding solutions and strategic partner to end customers," says Dr. Valentin Gapontsev, IPG Photonics' chief executive officer. We plan to leverage Genesis' unique expertise in robotic systems integration to accelerate laser processing within the transportation, aerospace and industrial end markets. In addition, Genesis will provide a route to market for IPG's advanced laser welding and laser cleaning solutions."




 


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