voxeljet AG, a major manufacturer of binder jetting 3D printers, has agreed to sell its whole business to investors linked with Anzu Partners LLC, a US-based technology investment firm. Anzu Partners acquires voxeljet in an asset acquisition and the purchase is likely to close in March or April 2025.
The purchase agreement is subject to usual closing conditions, which include approval by voxeljet’s General Meeting and foreign investment clearance in Germany. Voxeljet’s General Meeting is expected to take place in the first quarter of 2025.
Anzu Partners acquires voxeljet
Anzu is acquiring voxeljet’s running business with a strong commitment to the company’s current customers, suppliers, and employees. Whitney Haring-Smith, Anzu’s managing partner, will head the Board of Directors of the future business after it closes, while Rudolf Franz, the present CEO, will oversee the post-transaction business. In this acquisition, the company has a significant partner to help its future expansion and finance.
“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.
“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.”
– Whitney Haring-Smith, Managing Partner at Anzu Partners
Haring-Smith added, “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.”
The agreed purchase price is based on an enterprise value of approximately EUR 20,033,000. The purchase price will be paid through the assumption of voxeljet’s liabilities and the payment of a cash component of approximately EUR 1.7m. The purchase price is subject to customary adjustments as of the closing date.
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.
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.
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