NEWPORT BEACH, Calif. — February 3, 2026 — Leads & Copy — PMGC Holdings Inc. (NASDAQ: ELAB) has acquired SVM Machining, Inc., expanding its precision manufacturing platform.
The acquisition, announced by PMGC (NASDAQ: ELAB), a diversified public holding company, includes 100% of SVM’s shares, bought on a cash-free, debt-free basis.
SVM, also known as Silicon Valley Manufacturing, was founded in 1997 by Mark Serpa. The Northern California-based company is ISO 9001:2015 Certified and specializes in CNC precision machining and manufacturing services.
SVM serves medical, aerospace, biotech & pharmaceutical, semiconductor, and transportation markets. For the fiscal year ended December 31, 2024, SVM reported revenue of $3,042,701.
The acquisition is PMGC’s third California-based CNC machine shop purchase, furthering its strategy to build a multi-site machining platform serving aerospace, defence, medical and industrial industries.
The base purchase price was $2,250,000 in cash, comprised of $2,000,000 paid at closing and a $250,000 indemnification holdback retained by PMGC at closing. The purchase price includes a defined Final Cash Balance and a net working capital adjustment relative to a “Net Working Capital Target.”
The seller may also receive contingent earnout consideration based on SVM achieving certain defined revenue performance levels during a specified post-closing measurement period. Any earned earnout amounts 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.
SVM produces custom CNC-machined components, delivering engineered solutions for various industries, including surgical robotics, satellite/spaceflight, UAV components, lab automation, analytical instruments, wafer handling fixtures, cleanroom-compatible components, automotive and specialty vehicle parts.
PMGC Holdings Inc. manages and grows its portfolio through strategic acquisitions, investments, and development across various industries.
Source: PMGC Holdings Inc.
