- Nikon ( OTCPK:NINOF ) on Friday announced an offer to acquire SLM Solutions ( OTC:SLGRF ) for €20/share in cash, or €622M (¥84B), as it aims to become a global leader in metal additive manufacturing.
- NINOF will also launch a separate public offer to acquire certain convertible bonds issued by SLGRF.
- NINOF will subscribe to all newly issued shares in SLGRF resulting from a capital increase from authorized capital of ~10% of registered share capital for €45M.
- The subscription is independent of the takeover offer's closing.
- NINOF already secured 61.1% of SLGRF's share capital on a fully diluted basis.
- The company plans to finance the takeover offer with cash on hand.
- NINOF has committed to not enter into a domination and/or profit and loss transfer deal for at least three years.
- The acquisition expands NINOF's portfolio of metal additive manufacturing solutions and customer base.
- SLRGF's current management will continue to lead the firm.
- Profit contribution from the acquisition up to FY25 is expected to be limited, but will likely accelerate up to FY30.
- Closing of takeover offer is expected between Jan. and Jun. 2023.
For further details see:
Nikon offers to acquire SLM Solutions for €622M