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PMGC Holdings Inc. Completes Acquisition of CNC Machining Company - AGA Precision Systems LLC
Globenewswireยท 2025-07-18 16:53
Company Overview - PMGC Holdings Inc. has completed the acquisition of AGA Precision Systems LLC, a CNC machining business based in California, which generated over $1.39 million in revenue in 2024 and has a history of profitability [1][4] - The acquisition aligns with PMGC's strategy of acquiring U.S.-based, cash-flow-positive industrial businesses to strengthen mission-critical supply chains [1][5] - AGA will continue operations under its existing leadership with support from PMGC's management team [3] Strategic Rationale - The acquisition of AGA is part of PMGC's broader strategy to acquire specialized manufacturing businesses with strong fundamentals and long-term growth potential [5] - AGA's expertise in specialty metals and its established customer relationships enhance PMGC's operational and strategic value [6] - PMGC plans to support AGA's growth through investments in business development and production efficiency [6] Industry Outlook - The global CNC machine tool market is projected to grow from $100.5 billion in 2024 to $109.1 billion in 2025, with expectations to exceed $200 billion by 2033 [7] - Growth in the CNC machine tool market is driven by demand from aerospace, defense, and industrial sectors, along with reshoring efforts supported by recent legislation [7] Recent Acquisitions - AGA marks PMGC's second acquisition in the quarter, following the acquisition of Pacific Sun Packaging on July 10, 2025 [8] - The acquisition of AGA adds $1.39 million in cash-flow-positive revenue, bringing PMGC's estimated total annualized revenue to over $2.25 million [9][10]