In today’s briefing:
- IPG Photonics Corporation: Initiation of Coverage – Acquisitions
- East Ventures-Backed Qapita Buys Indian ESOP Management Firm
IPG Photonics Corporation: Initiation of Coverage – Acquisitions
- This is our first report on IPG Photonics, one of the leading manufacturers of lasers and amplifiers catering to materials processing across the globe.
- The company was off to a strong start in 2022 profiting from increased demand in Europe, North America, and Japan.
- IPG Photonics also saw the expansion of medium-power and pulsed lasers, mainly fueled by increased demand for new applications.
East Ventures-Backed Qapita Buys Indian ESOP Management Firm
- Qapita, a Singapore-based equity management startup, has acquired India-based ESOP Direct in a full cash transaction.
- The financial details of the deal, however, were not disclosed.
- ESOP Direct’s brand and leadership team will be retained after the acquisition, Ravi Ravulaparthi, CEO and co-founder of Qapita, told Tech in Asia.
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