In keeping with the newest Additive Manufacturing Analysis (AMR) report on the AM dental market, the scale of that market may practically double by 2033, indicating that the 3D printing trade nonetheless has important room to run in a phase that’s arguably essentially the most complete, mature AM adopter so far. One of many newest 3D printing trade acquisitions reinforces the case made by that AMR research: LA-based dental market chief SprintRay has acquired the EnvisionTEC dental portfolio, following the chapter of EnvisionTEC’s earlier mother or father firm, Desktop Metallic.
This additionally follows the announcement by an affiliate of VC/non-public fairness agency Anzu Companions that it had acquired the international subsidiaries of EnvisionTEC (together with these of ExOne and AIDRO). SprintRay’s acquisition of the EnvisionTEC dental belongings brings collectively two of essentially the most longstanding manufacturers within the AM marketplace for dental: the previous was based in 2014, the latter in 2002.
Desktop Metallic acquired EnvisionTEC in early 2021, in a cash-and-stock deal value about $300 million. Notably, NanoDimension’s closing worth for Desktop Metallic in early 2025 was $179 million — barely greater than half what Desktop paid for EnvisionTEC. SprintRay’s buy worth for EnvisionTEC’s dental belongings hasn’t been disclosed.
A longtime firm that’s already accustomed to the digital gentle processing (DLP) know-how on the coronary heart of EnvisionTEC’s enterprise mannequin, SprintRay ought to have a reasonably straightforward time integrating the EnvisionTEC belongings into its company construction. In keeping with SprintRay, one of many key focal factors of the transition would be the qualification of SprintRay supplies on EnvisionTEC machines, and vice versa.
In a press launch about SprintRay’s acquisition of EnvisionTEC’s dental belongings, the co-founder and CEO of SprintRay, Amir Mansouri, PhD, stated, “SprintRay’s acquisition of EnvisionTEC’s dental portfolio ensures present clients proceed to have the instruments and assist they depend on, whereas additionally strengthening our place in dental labs. Our mission to rework dentistry by accessible, dependable 3D printing know-how hasn’t wavered. This strategic transfer reinforces that dedication.”
SprintRay’s acquisition comes similtaneously Pac-Dent, one other California-based firm within the dental 3D printing house, introduced that it is going to be buying Ackuretta Applied sciences, which manufactures a full vary of dental merchandise together with chairside 3D printers. Whereas these are simply two examples, it does appear noteworthy that the 2 offers occurred in such shut proximity to 1 one other.
Furthermore, it’s particularly noteworthy insofar because the acquisitions symbolize precisely the form of horizontal consolidation that many AM trade insiders have lengthy argued can be a crucial precursor to the trade’s subsequent progress cycle. Alongside these traces, it’s positively value preserving a watch out for extra acquisitions within the close to future which will match the identical normal sample.
Additional, in that very same context, the SprintRay/EnvisionTEC deal is a reminder that bankruptcies aren’t unhealthy for everybody. This one was unhealthy for Desktop Metallic, however clearly good for Anzu Companions and SprintRay. And, past the entire “one man’s trash is one other man’s treasure” angle, the evolution of an trade requires shedding firms to fail in order that profitable firms can rise to the forefront.
One factor nobody can say in regards to the AM trade is that it’s not resilient. EnvisionTEC endured getting wrapped up in some of the mismanaged unicorns in latest reminiscence, and its new house ought to give it pretty much as good an opportunity to thrive because it’s ever had.
Pictures courtesy of EnvisionTEC
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