Full Press Release Details
PMGC Holdings Inc.'s Subsidiary, AGA Precision Systems LLC,
Completes Acquisition of Indarg Engineering, Inc. Expanding Aerospace and Defense Manufacturing Platform
Newport Beach, CA - October 28, 2025 - PMGC Holdings
Inc. (NASDAQ: PMGC) ("PMGC" or the "Company"), a diversified public holding company executing a targeted roll-up
strategy in U.S.-based manufacturing, today announced that its wholly owned subsidiary, AGA Precision Systems LLC ("AGA"),
has acquired all operating assets of Indarg Engineering, Inc., a precision computer numerical control ("CNC") machining company
based in Hawthorne, California.
Founded in 1985, Indarg Engineering, Inc. ("Indarg Engineering"
or "Indarg") has a four-decade track record of delivering high-tolerance components, rapid prototyping, and quality-certified
production for customers across the aerospace, defense, medical, and automotive sectors. The company's Hawthorne facility combines
advanced multi-axis machining, inspection, and tooling capabilities with a skilled engineering team serving Tier 1 suppliers.
Following this acquisition, the Hawthorne operation will be rebranded
under AGA Precision Systems and operate as an additional manufacturing site under the AGA brand. This expansion strengthens AGA's
development to become a trusted U.S.-based supplier of complex, high-precision components for the aerospace and defense industries, adding
new capacity and complementary expertise to its existing Santa Ana headquarters.
Joel Alvarez, former Owner and President of Indarg Engineering, will
continue with the company as General Manager of the Hawthorne site. Mr. Alvarez brings extensive experience in advanced manufacturing,
tooling optimization, and operational leadership, ensuring continuity for existing customers and supporting growth under the AGA platform.
Mr. Alvarez has led CNC tooling, precision machining, and manufacturing
operations across the aerospace and defense sectors. Before joining Indarg, he held key roles within the CNC tooling industry, partnering
with manufacturers to enhance process reliability, efficiency, and cost performance. His combined background in operations and strategy
enables him to bridge technical execution with long-term commercial success. Guided by a commitment to quality, innovation, and customer
trust, Mr. Alvarez is focused on advancing AGA's Hawthorne facility as a center of excellence for complex, high-tolerance components.
This acquisition aligns with PMGC's ongoing strategy to consolidate
specialized manufacturers supporting U.S. aerospace, defense and industrial infrastructure. More detailed transaction terms are not disclosed
in this press release.
About AGA Precision Systems LLC
AGA Precision Systems LLC is a specialized
CNC machine shop focused on high-tolerance milling, turning, mold manufacturing, and machining of complex metals including titanium and
Inconel. The company serves customers across the aerospace, defense, and industrial sectors, delivering precision components to demanding
technical specifications.
Founded over a decade ago, AGA has built a
strong reputation for quality and reliability, having grown its business exclusively through referrals and repeat orders without a formal
sales or marketing function. Its long-standing customer relationships and niche capabilities have supported consistent operating profitability
from its base in California.
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.
Forward-Looking Statements
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regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, as amended. Words such as "believes," "expects," "plans," "potential,"
"would" and "future" or similar expressions such as "look forward" are intended to identify forward-looking
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that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore,
you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC's filings
with the United States Securities and Exchange Commission ("SEC"), including the "Risk Factors" section of the
Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents
subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the
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that occur or circumstances that exist after the date on which they were made.