Business

Nikon launches $622 million takeover bid for SLM Solutions

Japanese multinationalNikon, backed by年代LM Solutions股东,已经提高了对3D印刷行业的兴趣,并竞标了主要的金属添加剂制造业企业。

An all-cash bid for SLM at EUR 20 per share, represents an 84% premium on the 3-month average trading price of EUR 10.89. Nikon’s proposed acquisition of SLM Solutions values the company at EUR 622 million, $622M, according to the company.

什么时候takeover talk of SLM Solutions在新闻中,GE Addive Addive SLM为每股38欧元或9亿欧元,以7.45亿美元的价格以汇率为单位。

The bid figure is reminiscent of early 2016 when SLM Solutions was trading around EUR 20; speculation during the year would drive up the firm’s share price to more than double.

Toshikazu Umatate, CEO of Nikon, said, “By acquiring SLM Solutions, Nikon is taking an important step towards our Vision 2030. We are focused on digital manufacturing as a growth driver and will create value through the promising market of metal additive manufacturing for our stakeholders.”

According to SLM Solutions, Nikon now has “binding commitments from SLM’s key shareholders Elliott Advisors UK Limited (Cornwall), ENA Investment Capital and SLM’s founder Hans J. Ihde to support the transaction by way of irrevocable tender commitments comprising shares and all SLM convertibles bond securities to held.”

交易的完成不能保证。外国投资控制许可和其他习惯条件必须被导航。但是,董事会希望满足这些条件,并且收购要约将在9月下旬或10月初提出。

该交易的一部分包括尼康(Nikon)订阅SLM解决方案的资本增加了10%。这些资金预计将在4,540万欧元的地区。

Using SLM's 3D printing technology, Orbex was reportedly able to reduce its rocket engine's construction costs by 50 percent. Photo via Orbex.
Using SLM’s 3D printing technology, Orbex was reportedly able to reduce its rocket engine’s construction costs by 50 percent. Photo via Orbex.

艾略特顾问在玩漫长的比赛(badly)

In 2016, GE walked away from its planned purchase of SLM Solutions when activist investor Elliott Advisors built a 20% stake in the German metal 3D printing company. The GE bid valued SLM Solutions at EUR 38 per share, or a total price of $745 million. It is generally understood that GE sought to acquire SLM Solutions as the early 3D printed LEAP fuel nozzles were built on SLM systems by Morris Technologies.

In 2012 Morris Technologies was acquired by GE Additive, and founder Greg Morris moved with his company. Aerospace has lengthy development cycles and rigorous certification protocols, so it was not until 2015 that the Federal Aviation Administration certified a 3D-printed housing for a sensor that would fly on GE commercial jets. With FAA certification of the LEAP-1C jet engine and its 3D printed fuel nozzles in the pipeline, GE made a move for SLM Solutions. Certification of the3D printed LEAP jet engine成功,GE对SLM解决方案的出价不是。艾略特·顾问公司(Elliot Advisors)试图提取额外现金的试图挫败了该计划。

GE decided to purchase Concept Laser instead, as由3D打印行业预测at the time.

Elliot Advisors将继续在2019年为SLM解决方案提供1300万欧元的资本。

Leap燃油喷嘴。迈克尔·皮奇(Michael Petch)的照片。
The LEAP 3D printed Fuel Nozzle. Photo by Michael Petch.

年代LM Leadership on Nikon Takeover

自2021年1月以来,与首席执行官Sam O’Leary一起担任掌舵人fortunes of SLM Solutionshave been buoyed by machine orders from Rolls Royce and BOSCH. Divergent Technologies, sister company to the 3D printed hypercar developer Czinger Motors, is also a high-profile customer with 16 SLM systems, plus further on order. Might one of these customers launch a counter-bid for SLM? That remains to be seen.

首席执行官奥利里说,“尼康有超过一个世纪f history in developing cutting-edge opto-electronic technology and precision equipment. I am excited for SLM to partner with Nikon to further extend our technology leadership position. We believe this transaction and partnership is very beneficial for all our stakeholders – shareholders, employees and customers alike.”

Nikon’s Umatate believes, “3D Printing will revolutionize mass production by enabling our clients to manufacture highly complex parts, reduce cycle time, carbon emissions, energy costs, and waste. Nikon and SLM Solutions share the vision that our technology-driven innovation will transform the future of manufacturing. This acquisition will be key to growing our digital manufacturing business.”

SLM表示,尼康将不会“至少三年来启动统治协议的结论”。现任SLM解决方案的高级管理团队将保留。

Nabeel Bhanji, of Elliott Advisors said: “Elliott is pleased to have played a key role in SLM’s journey over the past six years, helping the Company stay at the forefront of Additive Manufacturing innovation and product development. We are confident that Nikon, with its excellence in manufacturing and deep experience in technology, will further the innovation and distribution of SLM’s market-leading products.”

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特色图显示了SLM解决方案的SLM 800 3D打印机。通过SLM解决方案照片。