Brief: IPG Photonics sold its telecom transmission product lines, comprised of optical transceivers and coherent components, to Lumentum

IPG Photonics

15/08/2022 14:08

Aug 15 (Reuters) - IPG Photonics Corp  IPGP.O :
    * IPG PHOTONICS CORP - SOLD ITS TELECOM TRANSMISSION PRODUCT
LINES, COMPRISED OF OPTICAL TRANSCEIVERS AND COHERENT
COMPONENTS, TO LUMENTUM
    * IPG PHOTONICS CORP - DIVESTED ACTIVITIES INCLUDE FORMER
MENARA
NETWORKS AND A SUBSIDIARY IN BRAZIL
    * IPG PHOTONICS ANNOUNCES SALE OF ITS TELECOM TRANSMISSION
PRODUCT
LINES
    * IPG PHOTONICS CORP - SALE WILL HAVE AN IMMATERIAL EFFECT
ON
COMPANY'S TOTAL REVENUE AND EARNINGS PER SHARE
    * IPG PHOTONICS CORP - SALE IS EXPECTED TO REDUCE RESEARCH
AND
DEVELOPMENT SPENDING AND OPERATING EXPENSES GOING FORWARD
    * IPG PHOTONICS CORP - DETAILS OF TRANSACTION WERE NOT
DISCLOSED

Source text for Eikon:  ID:nGNX6HclBs 
Further company coverage:  IPGP.O