PMGC Holdings Inc.
02/06/2026 | Press release | Distributed by Public on 02/06/2026 15:02
PMGC Holdings Inc. Announces the Acquisition of SVM Machining, Inc (Form 8-K)
PMGC Holdings Inc. Announces the Acquisition of SVM Machining, Inc.
NEWPORT BEACH, Calif. Feb 3, 2026 - PMGC Holdings Inc. (NASDAQ: ELAB) ("PMGC" or the "Company"), a diversified public holding company announced that it has completed the acquisition of SVM Machining, Inc. ("SVM").
Founded in 1997 by Mark Serpa, SVM (aka Silicon Valley Manufacturing) is a Northern California-based ISO 9001:2015 Certified CNC precision machining and manufacturing services company serving medical, aerospace, biotech & pharmaceutical, semiconductor, and transportation markets.
This transaction represents PMGC's third California based CNC machine shop acquisition to date, expanding PMGC's growing footprint in precision manufacturing and furthering its strategy to assemble a multi-site machining platform serving aerospace, defence, medical and industrial industries.
SVM Overview
SVM is a precision manufacturing partner specializing in custom CNC-machined components, delivering high-quality, engineered solutions for customers in the following industries:
| ● | Medical (including surgical robotics components) |
| ● | Aerospace (including satellite/spaceflight, UAV components) |
| ● | Biotech & Pharmaceutical (including lab automation and analytical instruments) |
| ● | Semiconductor (including wafer handling fixtures and cleanroom-compatible components) |
| ● | Transportation (including automotive and specialty vehicle parts) |
For the fiscal year ended December 31, 2024, SVM reported revenue of $3,042,701.
Summary of Material Transaction Terms
PMGC acquired 100% of the issued and outstanding shares of SVM from the seller, on a cash-free, debt-free basis.
| ● | Base Purchase Price: $2,250,000 in cash, consisting of $2,000,000 paid at closing and a $250,000 indemnification holdback retained by PMGC at closing. |
| ● | Cash / Working Capital Mechanics: Purchase price includes a defined Final Cash Balance and a net working capital adjustment relative to a "Net Working Capital Target" |
| ● | Earnout Consideration: In addition to the base purchase price, the seller may be entitled to receive contingent earnout consideration based on SVM achieving certain defined revenue performance levels during a specified post-closing measurement period. |
| ● | Timing of Earnout Payment: Any earned earnout amounts, if applicable, would be payable within 10 days following PMGC's filing of its Form 10-K for the fiscal year that includes the applicable earnout measurement period. |
About SVM Machining Inc.
SVM Machining, Inc. is a California based ISO 9001:2015 Certified precision CNC machining and manufacturing services company that produces high-quality, engineered components for a diverse set of mission-critical industries, including medical technology, aerospace, semiconductor, biotech & pharmaceutical, and transportation. Known for its technical expertise, quality systems, and ability to deliver complex parts with precision tolerances, SVM supports original equipment manufacturers and advanced technology customers with reliable and responsive production capacity.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
PMGC Holdings Inc. published this content on February 06, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 06, 2026 at 21:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]