Exone end to end binder jetting service

Maker of CREATOR Metal 3D Printer to Be Bought by Lumentum for $5.7B

INTAMSYS industrial 3d printing

Share this Article

There have been several important acquisitions in the 3D printing industry, including that of EnvisionTEC by Desktop Metal, Origin by Stratasys, and 3D Hubs by Proto Labs, leading us to speculate on some more to come. Now, It has been confirmed that Lumentum (NASDAQ: LITE), a manufacturer of optical components and subsystems, has entered into an agreement to purchase photonics maker Coherent, Inc. (NASDAQ: COHR), which manufactures the well-received CREATOR 3D printer. The cash-and-stock deal is valued at $5.7 billion and sent Lumentum’s stock up roughly $2/share on Monday, January 25.

Coherent stock had already been trading at a high value since January 19, when the deal was first announced. Stockholder rights law firm Bragar Eagel & Squire, P.C., as well as WeissLaw LLP, are investigating the merger for what they believe may have been an “unfair process and ultimately agreed to an inadequate merger agreement.”

Coherent joined the 3D printing industry in 2018, when it acquired German company OR Laser. Two years prior, OR Laser had released a comparatively inexpensive, yet rapid powder bed fusion metal 3D printer, the CREATOR. This was followed by a hybrid version that could perform milling every five to 10 layers.

The Coherent Creator. Image courtesy of Coherent.

The system was very well received for its low price and the ability to 3D print 30 percent more quickly than comparable machines. However, Coherent no longer has a page for the machine and its YouTube channel has been nearly scrubbed of its Creator content, indicating definite changes in its additive manufacturing plans. It also appointed a new CEO, former McKinsey & Co. senior adviser and Diebold Nixdorf AG chief Andreas Mattes, in April 2020. Perhaps, as its merger with Lumentum approached, the businesses decided to ditch 3D printing in favor of a pure focus on lasers and other optics.

An older version of the OR Laser twitter account was active up until September 2020, so perhaps all is not lost. Maybe we’re in store for a revamping of its additive division with more printers or a simple rebranding of its existing machines. We’ve reached out to the company for comment.

Share this Article


Recent News

BASF Opens New 3D Printing Center in Detroit

3D Printed Touch Sensors Yield Feeling Future for Cybernetics



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing News Briefs, August 25, 2021: Software Beta, Self-Replicating Printer, & More

We’re starting with materials in today’s 3D Printing News Briefs, as XJet as announced the commercial availability of alumina ceramic. Moving on, Raise3D has announced the ideaMaker 4.2.0 beta, and...

Featured

Facility for Mass Roll-to-Roll 3D Printing to Be Opened by MIT Spinout

Massachusetts manufacturing startup OPT Industries uses automation engineering, computational design, and materials science to develop and manufacture customizable functional materials for 3D printing. The MIT spinout company became well-known for its...

3D Printed Sensor Created by Fraunhofer and ARBURG

One of the many Holy Grails of 3D printing is the ability to 3D print fully functional items in a single build process. Companies like Inkbit and Sakuu are after...

Inkbit Raises $30M in Series B Funding, Plans to Expand Production of 3D Printing System

MIT spinout Inkbit has raised $30 million in a Series B funding round led by venture capital firm Phoenix Venture Partners (PVP). The company intends to use the funds to...


Shop

View our broad assortment of in house and third party products.