PMGC Holdings Inc. Announces Intent to Acquire Long-Established U.S.-Based CNC Machine Shop Serving Aerospace and Defense Markets

Reuters
Jun 18, 2025
<a href="https://laohu8.com/S/ELAB">PMGC Holdings</a> Inc. Announces Intent to Acquire Long-Established U.S.-Based CNC Machine Shop Serving Aerospace and Defense Markets

PMGC Holdings Inc. (Nasdaq:ELAB), a diversified public holding company, has announced the signing of a non-binding Letter of Intent to acquire a California-based CNC machining company. This company, which has over 35 years of operational history, is AS9100D and ISO 9001:2015 certified and serves the aerospace, defense, and industrial markets. This marks PMGC's third pending acquisition since April 2025, underscoring its active mergers and acquisitions strategy. The acquisition target specializes in precision milling, turning, mold manufacturing, and specialty metals expertise. PMGC sees this move as a significant opportunity to expand its presence in the US market, particularly in the aerospace, industrial, and defense sectors.

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