SUNRISE, FL – Nano Dimension Ltd. has signed and closed a definitive agreement to acquire 3-D-micro-printing company NanoFabrica. Nano Dimension will pay the shareholders of NanoFabrica a total ranging between $54.9 million and $59.4 million.
Out of that, between $23 million and $27.5 million will be paid in cash, and approximately $32 million was paid in American depositary shares of Nano Dimension, approximately 30% of which cannot be sold for various periods of up to 24 months after the closing of the transaction.
Certain cash payments will be based on Fabrica’s revenue and gross margin performance in the next 12 months.
NanoFabrica brings additive manufacturing to applications that require high precision, overlapping the typical target markets of Nano Dimension: aerospace, aviation, high-end electronics and automotive, medical, optics, research and education.
NanoFabrica’s scientists and engineers are all expected to join Nano Dimension. They will continue to be led by NanoFabrica’s founders: CEO Jon Donner, Ph.D., and Eyal Shelef. Donner will become general manager of the NanoFabrica division of Nano Dimension.
“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,” said Yoav Stern, CEO of Nano Dimension. “In parallel, our mutual vision is to merge the technologies of our micro-electronic 3D-fabrications machines for Hi-PEDs with NanoFabrica’s micro-mechanic 3-D printing. The future of Hi-PEDs and miniaturized high-performance printed circuit boards is interlaced with micro-mechanical printing applications to fit the adage ‘the next big thing is small.’
“In addition, NanoFabrica’s machines fit the larger picture of Nano Dimension’s vision, aiming to establish Industry 4.0 solutions, which entail building an artificial intelligence/machine learning distributed digital fabrication application, rather than just building machines as capital equipment. The AI/ML/DL distributed electronic fabrication application will be furnished by additional edge devices in the form of NanoFabrica’s 3-D-micro-printing systems. Eventually, the end goal is to reach a capability for maintaining an inventory of high-end PCB devices, micro-mechanical parts and Hi-PEDs in digital form: print them as you need them, where you need them, only the quantity you need, in the best quality at competitive prices, as it is done in highest yield and throughput possible for that point in time, specifically in high-mix/low-volume scenarios.”
“Today is an exciting day for NanoFabrica and for the entire field of precision manufacturing,” said Donner. “We have set out on a mission to transform this traditional analog non-environmentally friendly industry, and by joining the segment leader Nano Dimension, we will be able to fulfill our mission statement much faster and in more elaborate fashion. By combining the advanced capabilities of deep learning together with our manufacturing systems, we hope to improve printing speed by five times and yield by 20 times. Henceforth, by integrating our ultra-precise miniaturization capability with Nano Dimension’s Hi-PEDs, we shall become a transformative power in our vertical markets. Nano Dimension-NanoFabrica’s combined offering will greatly increase the number of applications that can be relevant for mass manufacturing on our planned neural network of digital manufacturing systems.”
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