Materialise Exercises Option to Acquire Link3D
November 15 2021 - 6:30AM
Business Wire
Acquisition Accelerates Creation of Materialise Software
Platform for Additive Manufacturing
Materialise (NASDAQ:MTLS), a global leader in 3D printing
solutions, has agreed to exercise its option to acquire Link3D
Inc., an additive workflow and digital manufacturing software
company that supports customers in major manufacturing industries
to scale and integrate their AM operations across complex supply
chains and IT environments. The transaction, which is subject to
conditions that are typical for this type of transaction, is
expected to close by the end of the year. Materialise will acquire
100% of the Link3D equity interests for US$ 33.50 million.
Building on the success of its existing additive manufacturing
(AM) software suite, Materialise has outlined an ambitious
cloud-based platform strategy. The Materialise software platform
will offer companies cloud-based access to a continuously growing
set of digital tools, enabling users to personalize and manage
their 3D printing processes and streamline their workflows. The
acquisition of Link3D will strengthen and accelerate the creation
of the Materialise software platform, particularly for companies
that are scaling up their additive manufacturing operations to
volume production.
“Materialise continues to lead the way in advancing the AM
industry and this acquisition strengthens our position in the
high-growth manufacturing market”, says Fried Vancraen, CEO of
Materialise. “As companies accelerate the adoption of additive
manufacturing into increasingly digital production environments,
they require a strong and unified AM software platform. Today’s
announcement creates a merger of forces that serves as the
foundation for such a scalable and sustainable platform.”
By integrating Link3D’s additive MES (Manufacturing Execution
System) solution with the Materialise Magics software suite into a
unified, cloud-based software platform, manufacturers will be able
to run and continuously improve the most efficient, repeatable,
automated and controlled processes to mass-produce identical or
customized products. This process extends beyond the actual 3D
printing operations and creates a closer alignment between 3D
printing and conventional manufacturing, signaling the removal of
the wall between both production environments.
“In recent years, we have carefully developed our platform
strategy”, says Stefaan Motte, VP and General Manager of
Materialise Software. “By joining forces with Link3D we can
accelerate the realization of this strategy, which will allow our
customers to define and run the most optimal, efficient and
sustainable production process. Not only for the production of
one-offs, but in particular for scaling production in complex and
distributed ecosystems.”
“It has always been our mission to help companies scale additive
manufacturing and help them achieve their ROI goals”, says
Vishal Singh, CTO and Co-Founder of Link3D. “This is a
landmark day for the AM industry. The combination of two innovation
leaders committed to relentless pursuit of the promise of digital
manufacturing.”
Customers will not only benefit from seamless access to
Materialise’s Magics 3D print suite for AM part preparation,
automation, and production optimization, but also broad 3D printer
connectivity and automated workflows.
More information is available at
https://www.materialise.com/en/press-releases/materialise-exercises-option-to-acquire-Link3D
About Materialise Materialise incorporates three decades
of 3D printing experience into a range of software solutions and 3D
printing services, which together form the backbone of the 3D
printing industry. Materialise’s open and flexible solutions enable
players in a wide variety of industries, including healthcare,
automotive, aerospace, art and design, and consumer goods, to build
innovative 3D printing applications that aim to make the world a
better and healthier place. Headquartered in Belgium, with branches
worldwide, Materialise combines the largest group of software
developers in the industry with one of the largest 3D printing
facilities in the world. For additional information, please visit:
www.materialise.com.
About Link3D Link3D, a global leader in additive workflow
and digital manufacturing software, offers SaaS-based solutions to
help organizations scale and optimize their additive manufacturing
ecosystems. Link3D helps connect complex supply chains and IT
environments to provide actionable analytics and greater visibility
into the production process – ultimately helping achieve improved
productivity, asset utilization, and quality outcomes. To learn
more about Link3D, please visit: www.link3d.co
Cautionary Statement on Forward-Looking Statements Some
of the statements in this press release are “forward-looking” and
are made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements relating to, among other things, the
expected closing of the Link3D acquisition; the ability of the
parties to complete the acquisition considering the various closing
conditions; the expected benefits of the acquisition; and
statements about Materialise’s and Link3D’s products, customers and
markets. These forward-looking statements are based upon the
expectations of management under current assumptions at the time of
this press release. Materialise cautions you that forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors that are
in some cases beyond Materialise’s control that may cause
Materialise’s actual results to differ materially from its
expectations. Materialise is providing this information as of the
date of this press release and does not undertake any obligation to
update any forward-looking statements contained in this press
release as a result of new information, future events or otherwise,
unless Materialise has obligations under the federal securities
laws to update and disclose material developments related to
previously disclosed information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211115005609/en/
Press: Materialise Kristof Sehmke Email:
Kristof.sehmke@materialise.be Or press@materialise.com Twitter:
@MaterialiseNV Visit: www.materialise.com
Link3D Neal Shah Email: neal.shah@link3d.co Visit:
www.link3d.co
Materialise NV (NASDAQ:MTLS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Materialise NV (NASDAQ:MTLS)
Historical Stock Chart
From Apr 2023 to Apr 2024