Key Takeaways
- Nano Dimension has sold its Additively Manufactured Electronics (AME) business to Inspira for $2 million, with up to $10.5 million in potential deferred performance-related fees.
- The sale includes intellectual property, proprietary high-precision 3D electronic printing systems, and other assets.
- Inspira plans to leverage the AME technology to create high-value applications, potentially in the medical device industry.
- Nano Dimension will focus on its remaining businesses, including Essemtec SMT equipment, Global Inkjet Systems, and holdings in MarkForged and Digital Metal.
Introduction to the Sale
Nano Dimension has announced the sale of its Additively Manufactured Electronics business to Inspira, a firm specializing in medical device technology, including ECMO equipment for oxygenation. The sale includes a wide range of assets, including intellectual property, proprietary high-precision 3D electronic printing systems, patented software, engineering know-how, manufacturing equipment, inventory, customer-related assets, and fully equipped facilities.
The Terms of the Sale
The sale price of $2 million, with up to $10.5 million in potential deferred performance-related fees over the next year, represents a significant investment for Inspira. The AME business includes the Dragon Fly 3D printer, Conductive Ink Dielectric Ink, and other ink formulations, as well as the Fabrica product line.
Comparison of the Companies
| Company | Product Line | Technology |
|---|---|---|
| Nano Dimension | AME, Fabrica | Additively Manufactured Electronics, 3D Printing |
| Inspira | ECMO equipment, blood sensors | Medical device technology |
Inspira's Plans for the AME Technology
Inspira CEO Dagi Ben-Noon stated that the acquisition provides the company with a highly specialized advanced-manufacturing platform, which can be directed towards high-value applications. The company plans to leverage the AME technology to create innovative products, potentially in the medical device industry.
Nano Dimension's Future Plans
Nano Dimension CEO David Stehlin stated that the sale is the first step in a series of actions to maximize shareholder value and reduce operating costs. The company will focus on its remaining businesses, including Essemtec SMT equipment, Global Inkjet Systems, and holdings in MarkForged and Digital Metal.
Is this a Good Deal for Inspira?
The acquisition of the AME business by Inspira may seem like a strategic move, as the Dragon Fly 3D printing technology can be used to create precision hole barrier systems for ECMO equipment. However, it remains to be seen how Inspira will leverage the technology to create high-value applications.
Bottom Line
The sale of Nano Dimension's AME business to Inspira represents a significant shift in the company's strategy, as it focuses on its remaining businesses and reduces operating costs. Inspira, on the other hand, gains access to advanced 3D printing technology, which can be used to create innovative products in the medical device industry. With the potential for up to $10.5 million in deferred performance-related fees, Nano Dimension may benefit from the sale in the long run, while Inspira may be able to leverage the AME technology to drive growth and innovation in its business.