- Nano Dimension (NASDAQ:NNDM) has signed a definitive agreement to acquire NanoFabrica, which brings 3D printing to micro and nano manufacturing.
- Nano Dimension will pay NanoFabrica shareholders between $54.9M and $59.4M with $23-27.5M paid in cash (depending on certain milestones). Approximately $32M was paid in Nano Dimension ADSs.
- “NanoFabrica fits Nano Dimension’s vertical original equipment manufacturers’ target markets, and as such will be leveraged by the distribution channels and go-to-market efforts of both. In parallel, our mutual vision is to merge the technologies of our micro-electronic 3D-fabrications machines for Hi-PEDs (Hi-Performance Electronic Devices) with NanoFabrica’s micro-mechanic 3D printing. The future of Hi-PEDs and miniaturized high-performance printed circuit boards (PCBs) is interlaced with micro-mechanical printing applications to fit the adage “The Next Big thing is Small," says CEO Yoav Stern.
- Press release.