PMGC Holdings (ELAB, Financial) has taken a significant step in expanding its portfolio by signing a non-binding Letter of Intent to acquire a U.S.-based company specializing in custom packaging within the information technology sector. This target company is noted for its positive cash flow, which adds to its appeal.
In line with regulatory compliance and to ensure due diligence, PMGC has commenced a financial audit of the prospective acquisition. This step is crucial as the company aims to finalize a definitive agreement and complete the transaction by the end of the second quarter of 2025.
Once concluded, the acquired company will function as a wholly owned subsidiary under PMGC Holdings, retaining its existing operational team. This team will benefit from PMGC’s support and resources, focusing on further business growth and development.
