US Technology Investor Anzu Partners Signs Agreement to Acquire voxeljet AG to Accelerate Industrial-Scale 3D Printing Market
Today, voxeljet AG announced an agreement to sell its entire business to Anzu Partners via an asset deal. The transaction, expected to close by March or April 2025, is subject to customary closing conditions, including approval from voxeljet's General Meeting and foreign investment clearance in Germany. Anzu Partners will assume voxeljet's liabilities and pay a cash component of EUR 1.7 million, based on an enterprise value of approximately EUR 20.033 million. The agreement includes a 'go-shop' period until January 12, 2025, allowing voxeljet to consider alternative offers. Post-transaction, Whitney Haring-Smith will chair the Board, and current CEO Rudolf Franz will lead the business. The deal aims to leverage Anzu's technology network and voxeljet's expertise to drive further growth in the industrial-scale 3D printing market.
Oggi, voxeljet AG ha annunciato un accordo per vendere l'intero business ad Anzu Partners tramite un accordo di acquisizione di beni. La transazione, che dovrebbe chiudersi entro marzo o aprile 2025, è soggetta a condizioni di chiusura consuete, inclusa l'approvazione dell'Assemblea Generale di voxeljet e il nulla osta per gli investimenti esteri in Germania. Anzu Partners assumerà le passività di voxeljet e pagherà un importo in contanti di 1,7 milioni di euro, basato su un valore d'impresa di circa 20,033 milioni di euro. L'accordo include un periodo 'go-shop' fino al 12 gennaio 2025, consentendo a voxeljet di considerare offerte alternative. Dopo la transazione, Whitney Haring-Smith presiederà il Consiglio, e l'attuale CEO Rudolf Franz guiderà l'azienda. L'affare punta a sfruttare la rete tecnologica di Anzu e l'esperienza di voxeljet per stimolare ulteriore crescita nel mercato della stampa 3D su scala industriale.
Hoy, voxeljet AG anunció un acuerdo para vender todo su negocio a Anzu Partners mediante un acuerdo de activos. Se espera que la transacción se cierre para marzo o abril de 2025, sujeta a condiciones de cierre habituales, incluida la aprobación de la Junta General de voxeljet y la autorización de inversión extranjera en Alemania. Anzu Partners asumirá las deudas de voxeljet y pagará un componente en efectivo de 1,7 millones de euros, basado en un valor empresarial de aproximadamente 20,033 millones de euros. El acuerdo incluye un período de 'go-shop' hasta el 12 de enero de 2025, permitiendo a voxeljet considerar ofertas alternativas. Después de la transacción, Whitney Haring-Smith presidirá la Junta y el actual CEO Rudolf Franz dirigirá la empresa. El acuerdo tiene como objetivo aprovechar la red tecnológica de Anzu y la experiencia de voxeljet para impulsar un mayor crecimiento en el mercado de impresión 3D a escala industrial.
오늘 voxeljet AG는 Anzu Partners에 자산 거래를 통해 전체 사업을 판매하는 계약을 발표했습니다. 이 거래는 2025년 3월 또는 4월까지 완료될 것으로 예상되며, voxeljet의 일반 회의 승인과 독일의 외국인 투자 승인 등 관례적인 종료 조건에 따라 진행됩니다. Anzu Partners는 voxeljet의 부채를 인수하고 약 2천만 유로의 기업 가치를 기반으로 170만 유로의 현금 요소를 지급합니다. 계약에는 voxeljet이 대체 제안을 고려할 수 있는 '고숍(go-shop)' 기간이 2025년 1월 12일까지 포함되어 있습니다. 거래 후 Whitney Haring-Smith가 이사회를 의장하고 현재 CEO인 Rudolf Franz가 회사를 이끌 것입니다. 이 계약은 Anzu의 기술 네트워크와 voxeljet의 전문 지식을 활용하여 산업 규모의 3D 프린팅 시장에서 더 많은 성장을 주도하는 것을 목표로 합니다.
Aujourd'hui, voxeljet AG a annoncé un accord pour vendre l'ensemble de son activité à Anzu Partners via un accord d'actifs. La transaction, qui devrait être finalisée d'ici mars ou avril 2025, est soumise aux conditions habituelles de clôture, y compris l'approbation de l'Assemblée Générale de voxeljet et l'autorisation des investissements étrangers en Allemagne. Anzu Partners assumera les passifs de voxeljet et versera une composante en espèces de 1,7 million d'euros, sur la base d'une valeur d'entreprise d'environ 20,033 millions d'euros. L'accord comprend une période 'go-shop' jusqu'au 12 janvier 2025, permettant à voxeljet d'envisager des offres alternatives. Après la transaction, Whitney Haring-Smith présidera le conseil d'administration, et l'actuel PDG Rudolf Franz dirigera l'entreprise. Ce partenariat vise à tirer parti du réseau technologique d'Anzu et de l'expertise de voxeljet pour stimuler une croissance accrue sur le marché de l'impression 3D à échelle industrielle.
Heute gab voxeljet AG eine Vereinbarung bekannt, das gesamte Geschäft an Anzu Partners im Rahmen eines Asset-Deals zu verkaufen. Die Transaktion, die voraussichtlich bis März oder April 2025 abgeschlossen sein wird, unterliegt den üblichen Abschlussbedingungen, einschließlich der Genehmigung der Hauptversammlung von voxeljet und der Genehmigung ausländischer Investitionen in Deutschland. Anzu Partners wird die Verbindlichkeiten von voxeljet übernehmen und eine Barzahlung von 1,7 Millionen Euro basierend auf einem Unternehmenswert von etwa 20,033 Millionen Euro leisten. Die Vereinbarung beinhaltet eine 'Go-Shop'-Phase bis zum 12. Januar 2025, die es voxeljet ermöglicht, alternative Angebote zu prüfen. Nach der Transaktion wird Whitney Haring-Smith den Vorstand leiten, während der aktuelle CEO Rudolf Franz das Unternehmen führen wird. Das Geschäft zielt darauf ab, das Technologienetzwerk von Anzu und die Fachkompetenz von voxeljet zu nutzen, um weiteres Wachstum im industriellen 3D-Druckmarkt voranzutreiben.
- Anzu Partners to acquire voxeljet AG for EUR 20.033 million, enhancing financial stability.
- Transaction expected to close by March or April 2025, providing a clear timeline for investors.
- Strong commitment from Anzu to support voxeljet’s customers, suppliers, and employees.
- Leadership continuity with Whitney Haring-Smith as Chair and Rudolf Franz as CEO post-transaction.
- Potential for further growth and financing through Anzu’s technology network and resources.
- Transaction subject to approval from voxeljet’s General Meeting and foreign investment clearance, introducing some uncertainty.
- The agreed purchase price includes assumption of liabilities, potentially affecting financial outcomes.
FRIEDBERG,
The closing of the transaction is expected to occur in March or April 2025. The purchase agreement is subject to customary closing conditions, including the approval of voxeljet’s General Meeting and foreign investment clearance in
Anzu is acquiring voxeljet’s operating business with a strong commitment to voxeljet’s existing customers, suppliers, and employees. Anzu’s managing partner, Whitney Haring-Smith, will be the chair of the Board of Directors of the future business after closing, and current CEO, Rudolf Franz, will lead the post-transaction business. In this transaction, the business has a strong partner to support further growth and financing of the business.
“voxeljet’s technology fundamentally enables scaled additive manufacturing, supporting projects clients with decades of decided service and support. We believe that its technology advantage – from building the largest 3D printers in the world to features that enable fine details – is a decisive factor in its success in the market,” said Whitney Haring-Smith, Managing Partner at Anzu Partners. “On the key challenges we face today – from localizing supply chains to supporting a circular economy – voxeljet is a leader and driver of the future that we want to deliver.”
“For more than 25 years our incredibly talented teams have created some of the most powerful industrial 3D-printers,” said Rudolf Franz, CEO, voxeljet AG. “The combination of voxeljet’s world-class talent and extraordinary franchises with Anzu’s technology network, access to talent, ambitious vision and shared commitment to investing in the next generation of breakthroughs will help ensure our continued success in an increasingly competitive industry.
The agreed purchase price is based on an enterprise value of approximately
The purchase agreement provides for a “go-shop” period that will expire at the lapse of January 12, 2025, which permits voxeljet to actively initiate, solicit and consider alternative acquisition proposals from third parties. In the event of a superior proposal, voxeljet has the right to terminate the purchase agreement to enter into the superior proposal in accordance with the conditions set out in the purchase agreement. voxeljet will solicit third-parties and any third-parties interested in acquiring voxeljet may contact the company using the contact details provided below.
Subject to the review of offers from other potential interested parties during the agreed go-shop period, the management board and supervisory board of voxeljet intend to propose to the shareholders that they approve the transaction. Simultaneously with the resolution on the transaction voxeljet’s shareholders shall also decide on the liquidation of the company which shall occur following the successful closing of the transaction.
ADVISORS
Morrison & Foerster LLP is serving as Anzu’s legal counsel. Hogan Lovells International LLP is serving as voxeljet’s legal counsel.
BNP Paribas acted as financial advisor to voxeljet.
ABOUT ANZU PARTNERS
Anzu Partners is an investment firm that focuses on clean tech, industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, global connectivity, and operations. As of 2024, Anzu Partners managed assets of approximately
ABOUT VOXELJET
voxeljet’s was founded in 1999 as a spin-off from Technical University Munich (TUM) with a clear vision in mind: to establish a new manufacturing standard by developing new generative processes for the series-production of complex components using 3D printing. In the beginning, operations were launched with four employees at the TUM. Today, we are a globally acting, leading provider of high-speed, large-format 3D printers and on-demand 3D printed parts to industrial and commercial customers. Components manufactured with the help of voxeljet technology are flying in space, make mobility more efficient and the production of new engineering solutions possible. Visit voxeljet’s website www.voxeljet.com, and follow us on LinkedIn, or on Twitter.
Virtual tour through voxeljet HQs in
VOXELJET Contact details for interested parties
voxeljet AG
Paul-Lenz Straße 1a
86316 Friedberg
E-mail: johannes.pesch@voxeljet.de
View source version on businesswire.com: https://www.businesswire.com/news/home/20241203795049/en/
Johannes Pesch
Director Investor Relations, Business Development and Purchasing
+49-821-7483-172
johannes.pesch@voxeljet.de
Source: voxeljet AG
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