IPG Photonics
Also known as: IPG Photonic
LeaveRussia detail: Exit Completed
IPG Photonics Corporation, the world leader in the high power fiber laser industry.
Decision trail
Decision date 29/08/2024 · Reference ↗
Suspend new investments and reduce manufacturing in Russia. Shipments from Russian laser manufacturer NTO IRE-Polyus to sister company IPG Photonics India increased by 62% year-on-year, and the latter’s receivables to the supplier more than doubled. IPG Photonics announced sale of a Russian unit: IPG Photonics sold its entire interest in its Russian unit IRE-Polus, marking its complete exit from Russia following trade sanctions imposed since the start of the war with Ukraine. IPG is netting $51 million in proceeds from the sale to Softline Projects and current management of IRE-Polus. 09.2024: BVPG LLC becomes the new founder of the organization. The entry about the founders IPG PHOTONICS CORPORATION and IPG LASER GMBH & CO. KG has been removed from the Unified State Register of Legal Entities.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
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