Israeli electronics 3D printer manufacturerNano Dimensionhas bought inkjet software, drive electronics and delivery system developerGlobal Inkjet Systems(GIS).
As part of the deal, Nano Dimension has paid an initial $18.1 million to GIS’ shareholders, and committed to pay up to $10.7 million more, provided it reaches pre-agreed financial performance milestones. According to Nano Dimension’s CEO Yoav Stern, the arrangement will prove mutually beneficial, both allowing his firm to bolster its product lineup and GIS to address new clientele with its technologies.
“This merger will upgrade Nano Dimension’s product line with GIS’ innovative hardware and software,” explained Stern. “In parallel, our go-to-market network will expand GIS’ commercial horizon and customer base. The combination of both companies will further leverage the customer-focused culture across the entire organization.”
“这对两个组织都是双赢的。联合力量和资源将使综合公司的增长能够加速。”
Buying into inkjet innovation
Based in Cambridge, UK, GIS specializes in developing the technologies behind the printheads used in industrial single-pass, XY scanning and 3D printing systems. Thanks to its portfolio of software, drive electronics and fluid delivery parts, the firm has managed to establish a 130 client-strong user base, with adopters applying its products in biomedical, packaging and electronic printing applications.
Through acquiring GIS, Nano Dimension therefore anticipates being able to accelerate its product development, as it considers the firm’s technologies to be “essential to any ink deposition methodology within its AME and AM solutions,” and moving forwards, the deal is set to provide it with early access to its new subsidiary’s upcoming products.
“As a result of this acquisition, we will be able to improve our technology’s performance and time to market,” added Stern. “The combined company will own and have access to innovative and yet-to-be-released printing technologies, providing value and leading-edge solutions tailored to our customers’ needs and giving us a clear competitive advantage.”
“ GIS的研发路线图将帮助我们在工业3D打印解决方案中提供更好的分辨率和更高的生产率。”
Over the next 27 months, the deal’s structure could see Nano Dimension pay anything from $1.3 million to $10.7 million to GIS’ shareholders, on top of the $10.7 million they’ve already received. According to Nano Dimension, this payment will depend on GIS “achieving a certain financial performance.” Although it hasn’t specified what these financial goals are, they’re likely to be profitability-related.
For GIS’ part, it’s believed that its acquisition will enable it to better meet the needs of its customers, and leverage Nano Dimension’s rapidly-expanding marketing network to access emerging fast-growing printing markets, where the precision of its products could facilitate the growth of advanced inkjetting applications.
GIS的创始人兼首席执行官Nick Geddes总结说：“我们很高兴能加入一家认可我们技术的卓越，我们对创新的热情并与我们以客户为中心的文化相匹配的公司。”“共同努力，我们将以我们的客户获得无与伦比的优势的方式将信封超出现有印刷功能之外。”
Nano Dimension’s expansion continues
本身的制造商machines that enable the production of what it calls ‘Additively Manufactured Electronics’ or ‘AMEs,’ Nano Dimension has rapidly stepped up its expansion over the last year. Internally, the company has ramped up the development of its proprietary 3D printers, launching its new蜻蜓IV和飞行软件late last year.
纳米维度也设法筹集约15亿美元的资本, funding that it has now begun to use as a means of acquiring those firms developing technologies that could be complementary to its own. In April 2021, the firm以7000万美元的价格收购了DeepCube，是深度学习算法的专家，目的是建立基于ML的“分布式电子制造”网络。
This was closely followed by theacquisition of Nanofabricain a deal worth up to $59.4 million. Since renamed ‘Fabrica,’ the company is known as the developer of ‘Micro Adaptive Projection,’ a technology that enables the 3D printing of parts with sub-micron levels of resolution. At the time, it was anticipated that Nano Dimension would integrate the process into its own, to create a ‘digital fabrication application,’ designed to enable digital control of the entire supply chain for AMEs.
However, despite Nano Dimension’s ongoing expansion drive and the substantial backing it continues to enjoy, the company’s overall revenue has remained relatively low. During Q3 2021, the most recent period in which the firm has released its financials, it generated just $1.34 million, a 65% rise on Q2 2021, but Stern himself has admitted this figure is “too small” to draw conclusions from about its future.
GIS, on the other hand, is believed to have brought in around $10 million in revenue over the 12 months ending March 31, 2021, and achieved a gross margin of 51%. As a result, if Nano Dimension goes on to report GIS’ financials alongside its own in future, its acquisition should have a significant effect on its immediate earnings potential.
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特色图显示了使用GIS的喷墨技术开发的电路板。图像通过GIS。
