Above: Miniature structure created by NanoFabrica’s Tera 250 machine
In a surprising move to expand its footprint in the market of additive manufaturing for the Electronics industry, Nano Dimension announced that it has signed and closed a definitive agreement to acquire NanoFabrica for $54.9-$59.4 million. Out of that, between $23 million to $27.5 million will be paid in cash (depending upon certain milestones), and approximately $32 million was paid in American Depositary Shares (ADSs) of Nano Dimension.
The Tel aviv based NanoFabrica has developed a 3D Printing technology for miniature parts. Its Tera 250 machine is capable of producing thousands mm-size parts in a single run and in a resolution of down to 1 micron. Nano Dimension’s produce a PCB printer for the Electronics industry. It uses nanoparticle ink to enable in-house rapid prototyping of professional, multi-layer printed circuit boards (PCBs) and passive devices such as resistors, capcitors, inductors and antennas.
High-end components in a digital format
NanoFabrica’s scientists and engineers are expected to now join Nano Dimension and continue to be led by NanoFabrica’s two founders: Dr. Jon Donner and Eyal Shelef. Yoav Stern, Chief Executive Officer of Nano Dimension, stated, “Our mutual vision is to merge the technologies of our micro-electronic 3D-fabrications machines for Hi-PEDs (Hi-Performance Electronic Devices) with NanoFabrica’s micro-mechanic 3D printing.
“The future of Hi-PEDs and miniaturized high-performance printed circuit boards (PCBs) is interlaced with micro-mechanical printing applications. Eventually, 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 them as you need them, where you need them, only the quantity you need, in the best quality at competitive prices.”