PMGC Holdings Inc. Terminates Electronics Manufacturing Acquisition to Focus on High-Growth CNC Precision Machining Company

Reuters
07-30
<a href="https://laohu8.com/S/ELAB">PMGC Holdings</a> Inc. Terminates Electronics Manufacturing Acquisition to Focus on High-Growth CNC Precision Machining Company

PMGC Holdings Inc. announced that it has terminated the non-binding letter of intent, originally dated June 9, 2025, to acquire a U.S.-based electronics manufacturing company. The decision comes after a strategic review and direction from its Board of Directors, leading PMGC to focus its merger and acquisition efforts on CNC machine shops serving the aerospace, defense, and industrial markets. Additionally, PMGC disclosed a pending transaction involving the acquisition of a profitable U.S.-based CNC precision machining company, which specializes in complex aerospace and defense components. This target company generated approximately $4.5 million in revenue and $500,000 in adjusted EBITDA in 2024. The transaction is subject to due diligence and customary closing conditions.

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: GNW9502916-en) on July 30, 2025, and is solely responsible for the information contained therein.

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