Nano Dimension acquires NanoFabrica for $ 60 million – Jewish Business News
Nano Dimension acquires NanoFabrica for $ 60 million
NanoFabrica is a micro-mechanical 3D printing company.
Nano dimension, an Israeli company in the field of 3D printed electronics (Additively Manufactured Electronics (AME) / PE), has acquired another Israeli company NanoFabrica Ltd. a developer of new technologies and turnkey systems for precise 3D micro-printing (or precision additive manufacturing). Nano dimension will pay NanoFabrica shareholders a total of between $ 54.9 million and $ 59.4 million. Of that amount, between $ 23 million and $ 27.5 million will be paid in cash and approximately $ 32 million has been paid in American Depositary Shares (ADS) from Nano Dimension.
The company appears to be on a buying spree. This acquisition took place just one week after the announcement of the Nano Dimension has acquired Israeli colleague DeepCube Ltd. Machine learning / deep learning (ML / DL) technology acquired for $ 70 million.
NanoFabrica was founded in 2016 by CEO Jon Donner, who holds a PhD in nano-optics and a double degree in physics and electrical engineering, and CTO Eyal Shelef, who worked at Hewlett-Packard Company for 16 years in R&D , building large industrial machinery and developing some of the most advanced materials for the digital printing industry as well as managing the development of algorithms, process control and advanced chemistry manufacturing processes. Eyal has filed over 35 patents under his name.
NanoFabrica boasts of changing the way things are made. Nanofabrica deals with precision digital manufacturing. It claims that its industrial additive manufacturing systems have “unprecedented micron resolution with ultra-high features, detail, precision and precision, thanks to innovative adaptive micro-projection technology.” The company says it brings the power of additive manufacturing to applications that require high precision such as: aerospace, electronics, automotive, medical, optics, education and more.
NanoFabrica scientists and engineers are now expected to join Nano Dimension. Dr. Jon Donner will become Managing Director of the NanoFabrica division of Nano Dimension.
Yoav Stern, CEO of Nano Dimension, said: “NanoFabrica adapts to the target markets of vertical original equipment manufacturers (OEMs) of Nano Dimension, and as such will be leveraged through distribution channels and the marketing efforts of both. In parallel, our mutual vision is to merge the technologies of our micro-electronic 3D manufacturing machines for Hi-PEDsTM (Hi-Performance Electronic Devices) with the micro-mechanical 3D printing of NanoFabrica. The future of Hi-PEDs and high performance miniaturized printed circuits (PCBs) is intertwined with micro-mechanical printing applications to match the adage “The next big thing is small”.
“Additionally,” said Mr. Stern, “NanoFabrica’s machines fit the larger picture of Nano Dimension’s vision to establish ‘INDUSTRY 4.0’ solutions, which involve building a manufacturing application. Distributed Digital Artificial Intelligence / Machine Learning (AI / ML) ‘Rather than just building machines as capital equipment. The “AI / ML / DL Distributed Electronic Manufacturing Application” will be provided by additional on-board devices in the form of NanoFabrica’s 3D micro-printing systems. Ultimately, the end goal is to achieve an ability to maintain an inventory of high-end PCBs, micro-mechanical parts and Hi-PEDTM in digital form: print them as you need them, where you need them. need, only the quantity you need. , in the best quality at competitive prices, as this is done with the highest possible efficiency and throughput at that time, especially in high / low volume mixing scenarios.
Dr Jon Donner said: “Today is an exciting day for NanoFabrica and for the entire field of precision manufacturing. We’ve made it our mission to transform this traditional non-eco-friendly analog industry, and by joining the segment leader, Nano Dimension, we will be able to fulfill our mission statement much faster and in a more sophisticated manner. By combining the advanced deep learning capabilities with our manufacturing systems, we hope to improve the print speed by five times and the yield by 20 times. Now, by integrating our ultra-precise miniaturization capability with Nano Dimension’s Hi-PEDsTM (High-Performance-Electronic-Devices), we will become a transformative power in our verticals. Nano Dimension-NanoFabrica’s combined offering will dramatically increase the number of applications that may be relevant for mass manufacturing on our planned neural network of digital manufacturing systems.
Learn more about: Nano dimension