U.S. Tech Investor Anzu Agrees to Buy voxeljet

voxeljet AG entered into an agreement to sell its entire business to funds affiliated with Anzu Partners LLC via an asset deal.

The closing of the transaction is expected to occur in March or April 2025. The purchase agreement is subject to customary closing conditions, including the approval of voxeljet’s general meeting and foreign investment clearance in Germany. The general meeting of voxeljet is expected to take place in the first quarter of 2025.

 

Anzu is acquiring voxeljet’s operating business with a strong commitment to voxeljet’s existing customers, suppliers and employees, Anzu reports. Anzu’s managing partner, Whitney Haring-Smith, will be 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 partner to support 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," says 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," says 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.

Sources: Press materials received from the company and additional information gleaned from the company’s website.