PMGC Holdings shares surge 25.37% premarket after acquiring SVM Machining to expand precision manufacturing platform.

PMGC Holdings Inc. (NASDAQ: ELAB) surged 25.37% in premarket trading following the announcement of its acquisition of SVM Machining, Inc., a Northern California-based ISO 9001:2015 certified precision CNC machining firm. The $2.25 million cash-free, debt-free deal includes a $250,000 indemnification holdback and potential earnout payments tied to SVM’s post-acquisition revenue performance. SVM, which reported $3.04 million in revenue for the fiscal year ended December 2024, serves high-growth sectors including medical technology, aerospace, and semiconductor industries. This acquisition marks PMGC’s third California-based CNC shop acquisition, aligning with its strategy to build a multi-site precision manufacturing platform. The transaction is expected to enhance PMGC’s footprint in mission-critical industries, signaling strategic expansion and operational diversification, which likely drove the sharp premarket gains.