Nikon to acquire SLM Solutions 3D printer maker for $622M

Nikon Corporation, a famous Japanese camera manufacturer, revealed late last week that it would acquire SLM Solutions Group AG, a 3D metal printing machine maker headquartered in Lubeck, Germany.

As per Reuters, the deal is worth $622 million, and with the acquisition, Nikon Corporation is aiming to become a leading metal additive manufacturing company in the world. The said price values the German company at €20 per share which is equivalent to a premium of 75% based on last Thursday's closing price.

The camera maker further shared that it had already secured binding commitments from SLM Solutions’ key shareholders including ENA Investment Capital, Elliott Advisors, and Hans J. Ihde, the firm’s own founder. They all have agreed to support the deal that is expected to be completed within the first two quarters of 2023.

As part of the acquisition agreement, SLM Solutions will apply a 10% capital increase which is fully subscribed by Nikon at €20 per share. The management and supervisory board of the 3D printing machine maker fully welcome the takeover and investment offer of Nikon Corp.

“By acquiring SLM, 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,” Nikon’s chief executive officer, Toshikazu Umatate, said in a press release.

He added, “Metal additive manufacturing 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 share the vision that our technology-driven innovation will transform the future of manufacturing.”

The Nikon chief further said that its purchase of SLM Solution would become one of the company’s key solutions to expanding and growing its digital manufacturing business. On the other hand, the deal also provides an attractive opportunity for SLM’s employees and stakeholders as it will allow the company to continue to thrive in the fast-developing Metal AM business sector.

“Nikon has more than a century of history in developing cutting-edge optoelectronic technology and precision equipment,” SLM Solution’s CEO, Sam O’Leary, said. “I am excited for SLM to partner with Nikon to further extend our technology leadership position.”