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IPG Photonics Corporation Acquires 22.5% Minority Interest In Russian Subsidiary
IPG Photonics Corporation announced that it purchased the outstanding 22.5% minority interest in its Russia-based subsidiary, NTO IRE-Polus (NTO), that it previously sold to Open Joint Stock Company Rusnano. IPG regained complete control of NTO for $55.4 million in cash. The Company expects the transaction to be accretive starting in the third quarter of 2012.
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