Laser Photonics Corporation announced on November 6, 2024, the closing of its acquisition of Control Micro Systems, Inc. (CMS). This transformative acquisition strengthens LPC's global laser market footprint and provides direct entry into the high-demand pharmaceutical equipment sector.
LPC acquired CMS’ assets for approximately $1.05 million, funded primarily by cash from a recent capital raise and stock. CMS brings expertise in specialized laser systems critical for slow-release tablets and counterfeit-proof pill manufacturing, along with existing program orders of $4 million.
The acquisition diversifies LPC's portfolio into a recession-resistant industry and includes several top 20 global life sciences companies as CMS customers. Laser Photonics offered positions to all CMS employees, ensuring continuity and leveraging their engineering and customer support talent.
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