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PMGC Holdings Inc. Announces the Acquisition of SVM Machining, Inc.
Globenewswire· 2026-02-03 12:30
Core Insights - PMGC Holdings Inc. has completed the acquisition of SVM Machining, Inc., marking its third CNC machine shop acquisition in California, which aligns with its strategy to build a multi-site machining platform for various industries [1][3]. Company Overview - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions and investments across multiple sectors [7]. - SVM Machining, Inc. is an ISO 9001:2015 certified precision CNC machining company that serves critical industries such as medical, aerospace, biotech, semiconductor, and transportation [2][6]. Financial Details - The acquisition was completed on a cash-free, debt-free basis, with a base purchase price of $2,250,000, which includes $2,000,000 paid at closing and a $250,000 indemnification holdback [5][9]. - For the fiscal year ending December 31, 2024, SVM reported revenue of $3,042,701 [4]. Strategic Implications - The acquisition enhances PMGC's footprint in precision manufacturing and supports its growth strategy in sectors like aerospace, defense, medical, and industrial [3][6]. - SVM's expertise in delivering high-quality, engineered solutions positions PMGC to better serve original equipment manufacturers and advanced technology customers [6].