PMGC Holdings Inc. (NASDAQ: ELAB), a diversified public holding company announced that it has completed the acquisition of SVM Machining, Inc.
Founded in 1997 by Mark Serpa, SVM (aka Silicon Valley Manufacturing) is a Northern California-based ISO 9001:2015 Certified CNC precision machining and manufacturing services company serving medical, aerospace, biotech & pharmaceutical, semiconductor, and transportation markets.
This transaction represents PMGC’s third California based CNC machine shop acquisition to date, expanding PMGC’s growing footprint in precision manufacturing and furthering its strategy to assemble a multi-site machining platform serving aerospace, defence, medical and industrial industries.
SVM is a precision manufacturing partner specializing in custom CNC-machined components, delivering high-quality, engineered solutions for customers in the following industries:
• Medical (including surgical robotics components)
• Aerospace (including satellite/spaceflight, UAV components)
• Biotech & Pharmaceutical (including lab automation and analytical instruments)
• Semiconductor (including wafer handling fixtures and cleanroom-compatible components).
• Transportation (including automotive and specialty vehicle parts)
For the fiscal year ended December 31, 2024, SVM reported revenue of $3,042,701.
• PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries.
"We are committed to exploring opportunities in multiple sectors to maximize growth and value.: reads this morning's news release.
ELAB shares 71 cents, or 21.2%, to $2.64.
