Nikon to acquire SLM Solutions
Summary
SLM’s CEO Sam O’Leary commented: “Nikon has more than a century of history in developing cutting-edge optoelectronic technology and precision equipment. Those following the AM industry may remember that General Electric had also made an offer to Elliot to acquire SLM Solution when it decided to enter the metal laser PBF AM hardware market. For those who follow the European football business, it is also interesting to note that Elliot just accepted to sell its A.C. Milan assets to Red Bird, another US-based fund. The gross proceeds to SLM will be approximately EUR 45.4 million and will be used for the partial repayment of convertible bonds 2017/2024 as well as for funding ongoing business operations. 3D Printing will revolutionize mass- production by enabling our clients to manufacture highly complex parts, and reduce cycle time, carbon emissions, energy costs and waste.
