M&A - Laser Photonics Corp

Form Type: 10-K

Filing Date: 2025-06-24

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225016194

Filing Summary: Laser Photonics Corporation, formed in 2019 and based in Orlando, Florida, provides vertically integrated photonics-based industrial manufacturing solutions. The company has strategically acquired assets from Control Micro Systems, Inc., enabling expansion into the pharmaceutical manufacturing sector. They focus on laser blasting technologies that disrupt traditional methods like sandblasting. The company initiated sales in December 2019 and reported net revenues of $3.415 million as of December 31, 2024. They aim to target government agencies, Fortune 1000 companies, and small-to-medium businesses with tailored laser solutions. Key growth strategies include diversifying products, maintaining strong customer relationships, and developing cost-effective solutions for maintenance, repair, and overhaul applications. Additionally, the company possesses a majority shareholder affiliation with ICT Investments, LLC, which influences corporate governance and operational strategies. On October 30, 2024, they signed an Asset Purchase Agreement to acquire all business assets of CMS, which is expected to enhance growth opportunities in the pharmaceutical market.