Nano Dimension Acquires Admatec and Formatec, Creating Metal & Ceramic Additive Manufacturing Portfolio

An Unparalleled Opportunity to Expand its Multi Material 3D Printing with Best-in-Breed Printing Process and Service Bureau Waltham, Massachusetts, July 08, 2022 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM , " Nano Dimension" or the "Company")), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional metal & ceramic Additive Manufacturing ("AM") 3D printers, announced today that it has signed and closed a definitive agreement to acquire Formatec Holding B.V ("Admatec/Formatec"), which includes its two subsidiaries - Admatec Europe B.V. ("Admatec") and Formatec Technical Ceramics B.V. ("Formatec"). Admatec/Formatec, based in the Netherlands, are comprised of two complementary businesses operating together, which were part of the U.S.-based Precision Surfacing Solutions. It is a leading developer and manufacturer of additive manufacturing and 3D printing systems for ceramic and metal end-user parts. Its industry-grade systems - powered by digital light processing technology - use materials with superior mechanical, electrical, thermal, biological, and chemical properties to produce an array of parts for medical, jewelry, industrial, and investment casting uses. Admatec/Formatec's industrial production service division is a design-to-production partner for industrial-scale customers via its service bureau platform that combines the advantages of injection molding and additive manufacturing. Both means of production have served as a strategic advantage in working with customers, from early-stage ideas into serial production of end-use parts. Admatec/Formatec has shown promising financial results under strenuous circumstances of its parent company, indicating that accelerated growth based on its innovative technology can be expected. The business delivered $5.3 million in revenue with a gross margin of 56% in 2021. Nano Dimension has paid a total cash sum of $12.9 million for Admatec/Formatec (net of its cash). By joining Nano Dimension, Nano Dimension believes that Admatec/Formatec are now poised for even greater success within the Industry 4.0 landscape, which Nano Dimension is at the forefront of transforming with its combination of deep learning-based AI, additive manufacturing, materials science, and robotics. This expertise is planned to enable advanced breakthroughs across the Admatec/Formatec set of solutions and expected to drive tremendous competitive edges for customers. Nano Dimension's go-to-market platform is geared to accelerate and broaden the reach of Admatec/Formatec's products and services to growing markets, particularly in the United States and Europe, where a tailwind of macro trends is driving demand for additive manufacturing (AM) while onshoring and localizing high-mix low-volume manufacturing. With Admatec/Formatec, Nano Dimension will add two critical aspects to its offering in the AM domain: Materials and new product types. Materials have and will continue to be the bedrock of a successful AM offering. Nano Dimension is already leading in materials science thanks to the breakthroughs in driving additively manufactured electronics with both conductive and dielectric materials. Now, Nano Dimension will also benefit from ceramic and metals – two critical materials for developing applications and end-use parts. To date, Nano Dimension has ... Full story available on Benzinga.com