08:48 AM EDT, 10/29/2024 (MT Newswires) -- IPG Photonics ( IPGP ) said Tuesday it has agreed to acquire laser cleaning services provider Clean-Lasersysteme, known as cleanLASER.

Financial terms were not disclosed.

The manufacturer of fiber lasers said the acquisition, subject to regulatory approval, is expected to close in Q4.

IPG said it plans to provide more information about the deal during its Q3 earnings call due after the bell.

Shares of IPG were up 4.7% in recent Tuesday premarket activity.

Price: 83.03, Change: +3.76, Percent Change: +4.74