Fiber lasers manufacturer IPG Photonics quits Russia after 34 years, sells assets for $51m
IPG Photonics Corporation, a global leader in high-power fiber lasers and amplifiers, has exited the Russian market by selling its subsidiary IRE-Polus for $51 million. The sale marks the end of IPG Photonics’ 34-year history in Russia, a significant strategic shift driven by ongoing sanctions following Russia’s invasion of Ukraine. The buyer is a consortium […]