WALTHAM, MA -- Nano Dimension today announced it has signed and closed a definitive agreement to acquire Formatec Holding, including its two subsidiaries Admatec Europe and Formatec Technical Ceramics, for $12.9 million (net of cash).

Admatec/Formatec, based in the Netherlands, are comprised of two complementary businesses operating together, which were part of the US-based Precision Surfacing Solutions. It is a developer and manufacturer of additive manufacturing and 3-D printing systems for ceramic and metal end-user parts. The business delivered $5.3 million in revenue with a gross margin of 56% in 2021.

Nano Dimension said the joined companies are well positioned for the Industry 4.0 landscape, with the former able to broaden the reach of Admatec/Formatec’s products and services to growing markets, particularly in the US and Europe. The acquisition adds ceramic and metals material development to Nano Dimension's product lineup.

Jaco Saurwalt, chief operating officer, Admatec/Formatec, who is joining Nano Dimension as head of its Admatec/Formatec Division, said, “The teams across Admatec and Formatec are excited to become a part of Nano Dimension. We are proud of how we have developed this business and are convinced that we shall be able to expand and accelerate our growth based on our present technology and services. We expect that the combined expertise with Nano Dimension will further establish a leading position in the high-mix-low-volume metal 3D-AM production markets.”

Yoav Stern, chairman and chief executive, Nano Dimension, said, “Admatec/Formatec’s scientists, engineers and other team members, all of whom joined Nano Dimension upon closing of this transaction, are experts and industry veterans in AM 3D-industrial processes. They are going to continue to be led by their present management team. Admatec/Formatec’s products and services expand Nano Dimension’s Fabrica Division, adding volume manufacturing capabilities to the high precision micro-mechanical Fabrica 2.0 systems.”

“No less important,” Stern added, “is our intention to use our deep learning-based artificial intelligence technologies, from our DeepCube acquisition, to become the “robotic brains” for Admatec/Formatec systems. We expect this will improve yield and throughput and drive a more seamless integration with Nano Dimension’s Fabrica systems. Admatec/Formatec’s machines and services fit the larger picture of Nano Dimension’s vision, aiming to establish Industry 4.0 solutions, which entail building an AI-based “distributed digital manufacturing application” rather than just machines as capital equipment. The end goal is to reach a capability for maintaining digital inventory of high-end printed mechanical parts 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, with the highest yield and throughput possible for that point in time, specifically for high mix/low volume scenarios.”

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