Hello, fellow stock market enthusiasts! Exciting news in the world of electronics 3D printing: Nano Dimension has made not one but two major acquisitions recently, showing they mean business. Let’s dive into these impressive money moves and explore what they mean for the industry.
Deep Cube: Boosting AI Capabilities
First in the lineup is the acquisition of Deep Cube, a machine learning specialist. Nano Dimension secured Deep Cube for a cool $40 million in cash. Deep Cube’s forte lies in proprietary deep learning algorithms that enhance data analysis and deploy complex artificial intelligence systems. Their fast and accurate deep learning model training significantly improves real-time metrics while reducing memory usage. Here’s the kicker: Deep Cube’s framework can be implemented on existing hardware in both data centers and edge devices, resulting in speed improvements.
Once the deal is sealed, Deep Cube’s technical staff will join Nano Dimension. The acquisition isn’t just a show of financial strength; it’s part of Nano Dimension’s plan to develop a machine learning-based distributed electronic fabrication network. Essentially, they aim to digitize the supply chain for additive manufacturing electronics and 3D printed high-performance electronic devices created with their printers.
The driving force behind this initiative is the ongoing semiconductor chip shortage, which has had a significant impact on various industries worldwide, from graphics card production to automobile manufacturing. Nano Dimension intends to create a network that not only serves their needs but also supports other electronics 3D printers in overcoming supply chain challenges.
NanoFabrica: Precision Digital Manufacturing
Now, let’s shift our focus to NanoFabrica, a precision digital manufacturing player. Nano Dimension acquired NanoFabrica using the influx of cash generated from their rising stock value. NanoFabrica is renowned for its additive machines capable of printing with micro-resolution and ultra-fine features while maintaining precision through proprietary micro-adaptive projection technology.
NanoFabrica aligns perfectly with Nano Dimension’s vertical original equipment manufacturer (OEM) target markets. The strategic acquisition will enable Nano Dimension to leverage distribution channels and go-to-market efforts more effectively. The long-term vision is to combine the technologies of Nano Dimension’s microelectronic 3D fabrication machines for high-performance electronic devices with NanoFabrica’s micro-mechanical 3D printing.
Essentially, this merger aims to revolutionize the future of high-performance electronic devices and miniaturized high-performance printed circuit boards (PCBs). As the saying goes, “The next big thing is small.” The integration of these technologies is set to unleash innovative applications in the world of electronics manufacturing.
Under the terms of the deal, Nano Dimension will pay NanoFabrica’s shareholders a total sum ranging from $54.9 to $59.4 million. Out of this, $23 to $27.5 million will be paid in cash, with approximately $32 million being paid in American Depository Shares (ADS) of Nano Dimension.
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