IPG Photonics Corp.

IPG Photonics' 111,000 square foot expansion in Marlborough has been approved for $750,000 in tax credits through the state's Economic Development Incentive Program (EDIP).

The Marlborough City Council unanimously approved a tax deal Monday that would save fiber-laser maker IPG Photonics an estimated $120,000 over five years.

Sales climbed 14 percent and profits grew 16 percent during the second quarter for fiber-laser maker IPG Photonics of Oxford.

Fiber-laser maker IPG Photonics of Oxford reported first-quarter revenue growth of 20 percent and profit growth of 15 percent, the company announced today.

IPG Photonics has purchased nearly 112,000 square feet of flex space in Marlborough's Cedar Hill Business Park for $6.79 million.

IPG Photonics of Oxford said it brought in record revenue for the third quarter, driven by a 19-percent increase in sales for materials processing applications, the core of the fiber laser manufacturer's business.

IPG Photonics of Oxford continued its financial roll as it posted a 22-percent increase in second-quarter revenue, fueled by continued strong demand for its high-power, fiber lasers for materials processing applications, the company said.

Fiber-laser manufacturer IPG Photonics of Oxford continued its recent record of strong growth, with a 15-percent jump in first-quarter revenue and a 17-percent increase in profits, the company reported today.

IPG Photonics of Oxford has named three people to senior management roles as the growing manufacturer of fiber lasers aims to strengthen its global sales and marketing efforts.

IPG Photonics of Oxford continued to rake in revenue in 2012, reporting a 19-percent top-line gain for the year, and 17 percent for the fourth quarter.