PMGC Holdings shares surge 65.84% after-hours after acquiring SVM Machining for $2.25M to expand precision manufacturing platform.

PMGC Holdings Inc. (NASDAQ: ELAB) surged 65.84% in after-hours trading following the announcement of its acquisition of SVM Machining, a California-based ISO 9001:2015 certified CNC precision machining firm. The $2.25M cash-free, debt-free transaction, with $250,000 held for indemnification and earnout potential, adds SVM’s $3.04M 2024 revenue to PMGC’s multi-site manufacturing platform. This marks PMGC’s third California CNC shop acquisition, expanding its footprint in aerospace, medical, and industrial sectors. The strategic move aligns with PMGC’s growth-focused acquisition strategy, enhancing its diversified portfolio and positioning for increased market share in high-demand industries. The earnout structure, tied to future revenue performance, further signals confidence in SVM’s growth trajectory, driving investor optimism in the after-hours session.