-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSolder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
Certifications
Certifications have historically been seen as a cost of doing business, but how do we turn them into a positive ROI and a value to both customer and vendor?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Nano Dimension Acquires Essemtec
November 3, 2021 | Nano DimensionEstimated reading time: 3 minutes
![](https://iconnect007.com/application/files/1616/3116/2982/handshake.jpg)
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
Transaction outline:
- 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.
Suggested Items
Altus Helps to Enhance Nexperia's Production Capabilities with Essemtec Fox MFC
08/02/2024 | Altus GroupAltus Group, a leading distributor of capital equipment in the UK and Ireland, is pleased to announce the successful implementation of the Essemtec Fox MFC Pick and Place system at Nexperia's Stockport facility.
Altus Highlights Success of Essemtec's I2S in the UK and Ireland Market
07/23/2024 | Altus GroupAltus Group, a leading distributor of capital equipment for the electronics industry in the UK and Ireland, is pleased to highlight the success of Essemtec's Integrated Inspection System (I2S).
Altus Partners with SKALARKI electronics to Revolutionise Production Capabilities with Essemtec Equipment
07/20/2023 | Altus GroupAltus 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 Countdown Is On: SMTconnect 2023
04/26/2023 | SMTconnectThe 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 Announces 2022 Revenue of $43.6M
03/30/2023 | Globe NewswireNano 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.