PMGC Holdings Acquires SVM Machining for $2.25 Million

Reuters02-03 20:30

<a href="https://laohu8.com/S/ELAB">PMGC Holdings</a> Acquires SVM Machining for $2.25 Million

PMGC Holdings Inc. has completed the acquisition of SVM Machining, Inc., a Northern California-based CNC precision machining and manufacturing services company. Founded in 1997 by Mark Serpa, SVM serves customers in the medical, aerospace, biotech, pharmaceutical, semiconductor, and transportation industries. For the fiscal year ended December 31, 2024, SVM reported revenue of $3,042,701. Under the terms of the transaction, PMGC acquired all outstanding shares of SVM on a cash-free, debt-free basis for a base purchase price of $2,250,000 in cash, including a $250,000 indemnification holdback. The agreement also includes the potential for additional earnout payments based on SVM’s revenue performance during a specified post-closing period. This marks PMGC’s third CNC machine shop acquisition in California, further expanding its precision manufacturing platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PMGC Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9647542-en) on February 03, 2026, and is solely responsible for the information contained therein.

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