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Voxeljet pursuing potential merger as a part of “strategic alternate options” overview

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Binder jet 3D printer producer voxeljet has initiated a proper overview course of to judge “strategic alternate options for the corporate.” 

These strategic alternate options might embody a full vary of strategic, enterprise, and monetary choices. Investments, mergers and acquisitions, joint ventures, strategic partnerships, and different transactions are all mentioned to be on the desk. 

The choice to provoke this overview was headed by the corporate’s Administration Board and Supervisory Board. To help within the exploration of strategic alternate options, voxeljet has engaged BNP Paribas Securities Corp. as monetary adviser and Hogan Lovells Worldwide LLP as authorized adviser.  

voxeljet doesn’t intend to make any additional public remark relating to the strategic overview, “until and till the Boards have authorized a particular plan of action, or till the Firm determines that additional disclosure is required by legislation or in any other case deemed applicable.”  

The voxeljet brand. Picture by way of voxeljet.

Reviewing strategic alternate options at voxeljet

In a press release, voxeljet commented that there is no such thing as a definitive timetable for finishing the strategic overview. What’s extra, the corporate has made no assurance that the overview course of will end in any transaction, or “every other strategic change or final result.”  

US-listed shares of VJET confirmed indicators of volatility within the wake of the announcement, with share-prices initially leaping greater than 12%, after which dropping by almost 4%. 

With voxeljet’s Q3 reporting interval having ended on September thirtieth, this announcement might counsel a droop within the firm’s quarterly monetary outcomes. Alternatively, as efforts to accumulate one other firm will not be off the desk, the announcement might counsel an uptick in voxeljet’s monetary place.  

Current unsuccessful efforts by 3D printer producer Stratasys to accumulate Binder Jet and BMD 3D printer producer Desktop Steel might have additionally influenced this choice, with voxeljet maybe seeking to appeal to potential bidders. 

voxeljet reported an working lack of -€2.9 million in Q2 2023, rising 45% year-over-year, and three.6% quarter-over-quarter. Furthermore, the corporate’s internet loss doubled to €3.6 million. Nonetheless, Voxeljet has demonstrated regular income development over latest months, reporting a 1.5% Y/Y and 13.3% Q/Q improve to €6.8 million in Q2 2023.        

Sign at voxeljet HQ. Photo via voxeljetSignal at voxeljet HQ. Picture by way of voxeljet.

Acquisition and merger exercise in additive manufacturing 

The continuing saga surrounding US-based 3D printer producer 3D Techniques’ potential acquisition of Stratasys reveals no indicators of abating. 

It was not too long ago introduced that Stratasys has terminated its deal to accumulate Desktop Steel. This choice adopted an Extraordinary Normal Assembly of Shareholders (EGM), the place 78.6% of Stratasys’ shareholders voted towards the proposed merger. In consequence, Stratasys has now began a course of to “discover strategic alternate options.”      

3D Techniques is now seeking to capitalize on this end result. The corporate submitted a binding provide to Stratasys on September 13, 2023, which runs out on October 5 2023. Nonetheless, acknowledging some stakeholders’ considerations, 3D Techniques has provided to amend its proposal to incorporate a 60-day interval the place Stratasys can search different affords. This association would additionally permit Stratasys to choose out if a greater deal surfaces. 

Though Israeli 3D printer producer Nano Dimension has beforehand demonstrated curiosity in buying Stratasys, it has not but introduced whether or not it intends to reignite these efforts.       

Elsewhere, California-based dental clear aligner producer Align Know-how Inc. not too long ago introduced that it has entered right into a definitive settlement to accumulate polymer 3D printer producer Cubicure GmbH. Cubicure is a portfolio firm of additive manufacturing enterprise capital agency AM Ventures.

Align claims this acquisition will prolong its 3D printing, supplies, and manufacturing capabilities for its 3D printed dental product portfolio. The deal can be mentioned to strengthen the corporate’s mental property.  

Align is already a long-standing accomplice of 3D Techniques. As a part of this 25-year collaboration, Align has helped to deal with over 15.7 million sufferers with its 3D printed Invisalign providing. Following the announcement relating to Align’s take care of Cubicure, 3D System’s confronted “vital shareholder inquiries,” with the corporate’s inventory value dropping from $5.73 per-share to $4.91.

In a press launch, 3D Techniques acknowledged that Cubicure’s R&D efforts “have had no influence” on the corporate’s operations, noting that its “forecasts stay intact and already accounts for Align’s current partnership with Cubicure.”      

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Featured picture reveals the signal at voxeljet HQ. Picture by way of voxeljet.



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