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Nano Dimension Acquires EssemtecNovember 3, 2021 | Nano Dimension
Estimated reading time: 3 minutes
Nano Dimension Ltd., an industry leader in additively manufactured electronics (AME) / 3D printed electronics (PE), and micro additive manufacturing (Micro-AM), has signed and closed a definitive agreement to acquire Essemtec AG based in Lucerne Canton, Switzerland.
Essemtec's product portfolio is comprised of production equipment for placing and assembling electronic components on printed circuit boards (PCBs). They are a leader in adaptive highly flexible surface mount technology (SMT) pick-and-place equipment, sophisticated dispenser suitable for both high-speed and micro-dispensing, and intelligent production material storage and logistic system. Its products are equipped with a sophisticated software package which makes extensive and efficient material management possible.
Essemtec's equipment and software have been having impact with customers since their first machine was introduced. As their high-tech solution can be adjusted quickly and easily to meet wide ranging requirements, they are able to respond to all manner of customer needs, particularly in high-mix-low-volume production environment. Their portfolio of products will continue to be available to the thousands of organizations that have called themselves a customer of Essemtec, while also being part of the AME revolution that Nano Dimension is driving with its existing technology.
Essemtec's financial highlights:
- 12 months ended 12/31/2020 revenue was $17.2 million; gross margin was 60%
- 8 months ended in 08/31/2021 revenue was $15.4 million; gross margin was 60%
- Backlog (signed purchase orders) as of 09/17/2021 was approximately $6.9 million
- Nano Dimension will pay Essemtec shareholders a total sum, in cash, ranging between $15.1 million to $24.8 million
- $15.1 million will be paid upon closing
- An additional amount of up to $9.7 million will be paid over 14 months based on a pre-agreed performance-based formulas.
Franz-Xaver Strueby, Chief Executive Officer of Essemtec, commented, “It is an exciting combination of two leading technology leaders serving the PCB and wider electronic industry segments. The combination of Nano Dimension’s strength in the Americas with Essemtec’s strong presence in Europe will enhance both product lines. Additionally, I believe that the merger of the technologies will yield enormous influence and transformational momentum in the world of 3D printed electronics and assembly. The Essemtec team, as well as me personally, are looking forward to continuing our journey as part of the combined teams of Essemtec and Nano Dimension.”
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, said, “Essemtec’s scientists and engineers and other team members, all of whom joined Nano Dimension upon closing of this transaction, are leading experts and industry veterans in machine building, software, mechanical automation, and robotics. They are going to continue to be led by their present management crew, supported by Ziki Peled, COO of Nano Dimension.”
Stern added, “Essemtec’s present products fit Nano Dimension’s PCB and PCB assembly markets, as well as the Original Equipment Manufacturers (OEM) verticals which we serve. As such, we hope to leverage the distribution channels and go-to-market efforts of both organizations. In parallel, our mutual vision is to merge the technologies of our micro-electronic 3D-fabrication machines for Hi-PEDs (Hi-Performance Electronic Devices) with Essemtec’s fuller suite of in-fabrication-process-equipment-assembly capabilities.”
“No less important is our intention to use our newly acquired deep learning-based artificial intelligence technologies from our DeepCube acquisition to become the 'robotic brains' for Essemtec systems," said Stern. "We expect this will improve yield and throughput and drive a more seamless integration with Nano Dimension’s AME systems. Essemtec’s machines fit the larger picture of Nano Dimension’s vision, aiming to establish Industry 4.0 solutions, which entail building an artificial intelligence distributed digital manufacturing application rather than just machines as capital equipment. The end goal is to reach a capability for maintaining an inventory of high-end PCB devices, micro-mechanical parts and Hi-PEDs in digital form: print and assemble them as you need them, where you need them, only the quantity you need, in the best quality at competitive prices, as it is done in highest yield and throughput possible for that point in time, specifically in high mix/low volume scenarios.”
Sullivan & Worcester Tel Aviv and CMS Switzerland acted as legal counsel to Nano Dimension in connection with the acquisition.
Altus Partners with SKALARKI electronics to Revolutionise Production Capabilities with Essemtec Equipment07/20/2023 | Altus Group
Altus Group, the leading distributor of capital equipment for electronics assembly in the UK and Ireland, recently partnered with SKALARKI electronics Ltd, specialists in flight simulator design and manufacturing, to further enhance its production capabilities.
The SMTconnect will be opening its doors in the Nuremberg exhibition halls from May 9-11. The anticipation is already high as trade fairs visitors will once again have the opportunity to enjoy a varied expert program.
Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printers, announced its financial results for the fourth quarter and full year ended December 31st, 2022.
Following a successful partnership in the UK, Altus Group, a leading supplier and service provider of capital equipment for the electronics industry, has announced a distribution agreement with Essemtec in Ireland.
True to its motto "Driving manufacturing forward", the SMTconnect taking place from 9 – 11 May in Nuremberg, Germany, will offer the European electronic production community a forum for inspiration and exchange as a basis for the further development of key technologies for the future.