Softline Projects to acquire IRE-Polus from IPG Photonics for $51m.

Softline Projects, an electrical machinery and equipment, agreed to acquire IRE-Polus, a manufacturer of medical lasers, from IPG Photonics, a manufacturer of fiber lasers, for $51m. “Our team executed flawlessly to transition our manufacturing operations after the war’s outbreak without any impact to our customers. Our ability to respond to adverse events out of our control highlights the resilience of the company as we were able to lean on our global manufacturing capabilities to increase production in Germany, the United States and Italy and start production in Poland. Today, with the sale of our Russian operations now behind us, we are focusing on optimizing our operations to drive improved productivity," Mark Gitin, IPG Photonics CEO.