As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
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As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
Printing Money Episode 28: Recent M&A and More with Joris Peels, 3DPrint.com
Printing Money
1 hour 2 minutes 58 seconds
6 months ago
Printing Money Episode 28: Recent M&A and More with Joris Peels, 3DPrint.com
Welcome to Episode 28 of Printing Money. For this one Danny is joined by our own, Joris Peels (Executive Editor, 3DPrint.com). This crossover-pod is indeed quite meta-level but it’s not entirely new – some months ago Danny appeared on Joris’ own podcast, the 3DPOD. We encourage you to listen to that episode as well.
Episode 28 begins with an introduction to Joris, and a look at his nearly two decades in 3D printing. From Philips to Shapeways, to Materialise and Formlabs, and consulting across the industry, Joris has some reach, to say the least.
Next, Danny and Joris review RAPID, the largest 3DP/AM event in the USA, which took place earlier this month in Detroit. The cautiously optimistic tone that has been 2025 was decidedly in force at RAPID, and oh by-the-way there was a noticeable presence from the Chinese brands, tariffs or not.
From RAPID the conversation shifts to geopolitics, the regulatory environment, and yes, tariffs. Amongst the analysis are some great quotables to look for, including “Manufacturing itself is a weapons system,” and “Uncertainty is the new normal,” all amidst a whole lot of 3DP/AM industry food for thought.
And all that is only the first half. In the second half of the episode, Danny and Joris dive into Printing Money’s raison d’etre - deals and analysis! Specifically, this episode focuses on recent M&A, including coverage of the Nano Dimension-Desktop Metal-Markforged tie-up, BICO’s new direction under Maria Forss, Fictiv’s eye-catching acquisition by Misumi, and the trend of traditional Japanese manufacturers embracing 3DP/AM.
Please enjoy Episode 28 and check out our previous episodes too.
This episode was recorded April 24, 2025.
Timestamps:
00:12 – Welcome to Episode 28, and welcome to Joris Peels!
00:42 – 3DP/AM since 2008: Joris through the years
03:17 – RAPID 2025 review
06:08 – Were the Chinese booths at RAPID 2025 the largest?
07:09 – Some notable startups at RAPID 2025 were not the flashiest: Manifest Technologies, PanOptimization, Euler, and more
08:48 – Geopolitics and the 3D printing industry
11:29 – European financial markets: Rheinmetall, BAE, were amongst top Q1 performers
12:22 – Direct impacts from geopolitics can hit 3D printing deals
13:58 – 3D Printed Drone Swarms: Has the industry accepted its role in defense?
16:12 – Manufacturing itself is a weapons system
17:52 – Tariffs and the 3D printing industry
21:40 – Uncertainty is the new normal
23:44 – Regulatory hurdles to reshoring
25:15 – Is M&A coming back?
26:22 – Fictiv to be acquired by Misumi (TSE: 9962) for $350M
29:45 – Fictiv’s valuation and Misumi’s valuation versus, say that of Xometry (XMTR)
32:14 – Desktop Metal (DM) officially acquired by Nano Dimension (NNDM), and Markforged is (MKFG) next
36:57 – BICO (STO: BICO) selling MatTek and Visikol to Sartorius (ETR: SRT3) for $80M
40:45 – Fortissimo’s $120M investment in Stratasys has been completed
41:03 – nTop acquires cloudfluid
45:22 – Fabrisonic acquired by UPM, an O’Neal Industries company
49:18 – Sodick to full acquire Prima Additive
55:12 – The Japanese machine tool industry: Nidec attempting to takeover Makino
58:45 – Japanese manufacturers helping to bridge 3DP/AM into tradiitonal manufacturing (Nikon SLM Solution, Seiko Epson, DMG Mori, Sodick, JEOL, Nidec, and more…)
1:01:25 – Thanks to Joris and thanks to our audience for listening to Episode 28 of Printing Money
1:02:02 – Disclaimer
Disclaimer:
Printing Money
As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
