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Following the Oct. 22 death of Founder, Chairman, and former CEO Valentin Gapontsev, laser manufacturer IPG Photonics of Oxford has named longtime board member, and its lead independent director, John Peeler as the new chairman of the board.
Oxford laser manufacturer IPG Photonics reported a 112% increase in profits in the company’s third quarter, according to an earnings report released Tuesday.
Marlborough manufacturer Boston Scientific Corp. is expected to receive a $20-million payment from California medical device firm Nevro Corp. for patent infringement, according to a Monday press release from Nevro.
Northborough’s two Amazon sorting centers have traded hands between real estate companies for $153 million, according to the Worcester South District Registry of Deeds.
Quinsigamond Community College in Worcester is partnering with Worcester incubator Massachusetts Biomedical Initiatives and biopharmaceutical company AbbVie, which has an outpost in the city, to pilot an entry-level Biomanufacturing On-Ramp Workshop
Massachusetts-based, vertically integrated cannabis company Local Roots opened an adult-use dispensary in Marlborough last week, with plans for a ribbon cutting and grand opening this Friday and Saturday, the company announced on Wednesday.
Advanced processing manufacturer Accumet Engineering, Inc., currently based in Hudson and Westford, plans to consolidate its operations in a planned 39,375 square-foot facility in Devens, using a $4.14-million tax-exempt bond from MassDevelopment.
Clean energy company Ameresco, of Framingham, announced Tuesday it has completed a solar installation for the Bank of America corporate campus in Chandler, Ariz.
Slatwall Commerce, an e-commerce platform based in Worcester, has been acquired by the Australian firm Ultra Commerce, according to a Wednesday press release from Ultra.
BJ’s Wholesale Club, headquartered in Westborough, announced on Monday three new executive vice president appointments, which the company cast as part of ongoing efforts to enhance its merchandising assortment.
New England Trade Adjustment Assistance Center, Inc. of North Billerica has received a $1.5 million grant from the U.S. Commerce Department to bolster its efforts supporting manufacturers affected by imports.
Concord-based real estate firm Arris Partners LLC sold an 84,000-square-foot warehouse on Bartlett Street along the border of Marlborough and Northborough for $11.6 million, according to the Middlesex South Registry of Deeds.
A 108,700-square-foot warehouse on Robert Bonazzoli Avenue in Hudson sold for $15.2 million to STAG Industrial, Inc., an industrial real estate investment trust based in Boston, according to the Middlesex South Registry of Deeds.
Valentin Gapontsev, founder, chairman, and former CEO of IPG Photonics in Oxford, has died at the age of 82, the company announced Monday morning.
Adult-use cannabis retailers in Massachusetts amassed more than $2 billion in lifetime sales by the end of August this year, signaling an eager, and likely growing, consumer base.
Retail giant Amazon announced the opening of a new, 350,000 square foot Amazon Robotics manufacturing facility in Westborough on Thursday.