PMGC Acquires SVM Machining for $2.25M

PMGC Holdings Inc. (NASDAQ: ELAB) has completed its acquisition of SVM Machining, Inc., a Northern California ISO 9001:2015 certified CNC precision machining and manufacturing services company. PMGC acquired 100% of the issued and outstanding shares on a cash-free, debt-free basis.

The base purchase price was $2,250,000 in cash, including $2,000,000 paid at closing and a $250,000 indemnification holdback retained at closing. The seller may also receive contingent earnout consideration tied to defined SVM revenue performance levels during a post-closing measurement period.

SVM reported $3,042,701 in revenue for the fiscal year ended December 31, 2024 and serves medical, aerospace, biotech/pharmaceutical, semiconductor, and transportation markets.