In light of the sale, 3D Systems says it will 'sharpen its focus' on software solutions that 'accelerate adoption of 3D printing technologies in large-scale, production application environments.'
Stern will continue to serve as the company's CEO, but failed to gain approval for his reappointment to the board at Nano Dimension's Annual General Meeting last week.
Spectroplast plans to use the funds to intensify its existing customer relationships, while establishing its patented silicone materials in other industries.
The purchase agreement is worth around 20 million EUR and is subject to customary closing conditions, including the approval of Voxeljet’s General Meeting and foreign investment clearance in Germany.
Manuevo – a subsidiary of WVS International Inc. – will continue operating using the Shapeways name less than five months after the company launched in the wake of Shapeways' bankruptcy.
The company will use the funds to drive the expansion of its customer support infrastructures, strengthen its global footprint, and accelerate the growth of its product portfolio.
The Barcelona-based 3D printer manufacturer says the investment, of which figures haven’t been disclosed, has come from ‘established Spanish firms from traditional industrial sectors.’
The acquisition will see Siemens integrate Altair's full range of products, including its generative design, implicit modelling, and additive manufacturing simulation tools.
Protolabs expects to ‘substantially complete’ this restructuring plan within the next year, with affected employees receiving severance and other transition assistance.
The funding comes from Luxembourg Space Sector Development, EIT Raw Materials, with further support from the "Young Innovative Enterprise" initiative from the Ministry of Economy of Luxembourg.
The Fund has been set up to support the White House’s AM Forward initiative, which was created in 2022 with the aim of supporting smaller manufacturers in adopting additive manufacturing technology.
