US Technology Investor Anzu Partners Signs Agreement to Acquire voxeljet AG to Accelerate Industrial-Scale 3D Printing Market

Anzu is acquiring voxeljet’s operating business with a strong commitment to voxeljet’s existing customers, suppliers, and employees. Anzu’s managing partner, Whitney Haring-Smith, will be the chair of the Board of Directors of the future business after closing, and current CEO, Rudolf Franz, will lead the post-transaction business. In this transaction, the business has a strong partner to support further growth and financing of the business.

“voxeljet’s technology fundamentally enables scaled additive manufacturing, supporting projects clients with decades of decided service and support. We believe that its technology advantage – from building the largest 3D printers in the world to features that enable fine details – is a decisive factor in its success in the market,” said Whitney Haring-Smith, Managing Partner at Anzu Partners. “On the key challenges we face today – from localizing supply chains to supporting a circular economy – voxeljet is a leader and driver of the future that we want to deliver.”

“For more than 25 years our incredibly talented teams have created some of the most powerful industrial 3D-printers,” said Rudolf Franz, CEO, voxeljet AG. “The combination of voxeljet’s world-class talent and extraordinary franchises with Anzu’s technology network, access to talent, ambitious vision and shared commitment to investing in the next generation of breakthroughs will help ensure our continued success in an increasingly competitive industry.

The agreed purchase price is based on an enterprise value of approximately EUR 20,033,000. The purchase price will be paid through the assumption of voxeljet’s liabilities and the payment of a cash component of approximately EUR 1.7m. The purchase price is subject to customary adjustments as of the closing date.

The purchase agreement provides for a “go-shop” period that will expire at the lapse of January 12, 2025, which permits voxeljet to actively initiate, solicit and consider alternative acquisition proposals from third parties. In the event of a superior proposal, voxeljet has the right to terminate the purchase agreement to enter into the superior proposal in accordance with the conditions set out in the purchase agreement. voxeljet will solicit third-parties and any third-parties interested in acquiring voxeljet may contact the company using the contact details provided below.

Subject to the review of offers from other potential interested parties during the agreed go-shop period, the management board and supervisory board of voxeljet intend to propose to the shareholders that they approve the transaction. Simultaneously with the resolution on the transaction voxeljet’s shareholders shall also decide on the liquidation of the company which shall occur following the successful closing of the transaction.

About Anzu Partners

Anzu Partners is an investment firm that focuses on clean tech, industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, global connectivity, and operations. As of 2024, Anzu Partners managed assets of approximately $1 billion with a team of over fifty professionals in offices across Atlanta, Boston, San Diego, Tampa, and Washington DC. For more information, please visit anzupartners.com.