Sigma Additive Solutions Announces Signing of Definitive Agreement for NextTrip Acquisition
Summary
SANTA FE, N.M. & SUNRISE, Fla.--(BUSINESS WIRE)--Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a provider of quality assurance software to the commercial 3D printing industry, today announced the signing of a definitive agreement (the “Agreement”) for the acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida (“NextTrip”). • Following a period of strategic realignment which is tied to certain NextTrip business objectives, NextTrips potential future initiatives will be focused on driving the companys renewed growth agenda, exploring strategic M&A to drive revenue synergies through the expansion of product and travel consumer offerings, and continuing to invest in the development of innovative technologies to connect travel customers for discovery and booking domestic and international destinations. Lyndsey North, President of NextTrip, commented, “We are pleased that this process will culminate in a transaction that maximizes value for all shareholders and believe it will allow us to accelerate our strategic growth initiatives as a public company. Ultimately, this acquisition further supports our confidence in supplying structures for safety-critical and mission-critical applications.” NextTrip is a technology-driven platform delivering innovative solutions for business and leisure travel. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies by reducing waste, increasing yield, and shortening cycle times.