Graphene 3D Lab Inc. has inked a deal to acquire Boots Industries Inc., a Canadian 3D printer manufacturer. Graphene 3D says that they intend to purchase all Boots Industries’ assets — and to hire the team at Boots Industries — in an all share transaction.
The company says the deal will see the Boots Industries team work to create a proprietary 3D printer capable of printing functional and electronic devices to optimize and maximize performance of Graphene 3D’s functional printing materials.
Founded in 2012, Boots Industries emerged as a player in the Canadian 3D printing market with their BI V2.0, a large-volume 3D printer.
“The goal of Graphene 3D is to introduce a 3D printing ecosystem, including a 3D printer and functional materials, capable of printing operational and electronic devices,” says Daniel Stolyarov, CEO of Graphene 3D. “The team at Boots Industries have been successful to date in the development and sale of high-quality 3D printers, and we have the utmost confidence in their teams’ capabilities to develop a multi-material printer optimized for Graphene 3D materials.”
Jean Le Bouthillier, CEO of Boots Industries, said his company is enthusiastic about the opportunity to develop a 3D printer capable of printing operational devices with functional materials
“The entire Boots Industries team is looking forward to working within the Graphene 3D team on the next revolution in 3D printing,” Le Bouthillier said of the deal.
The two companies have signed an exclusive letter of intent for the transaction. The terms of the deal call for an all-share transaction capped at a valuation of $500,000 CA in common shares, that the Boots Industries’ development team will join Graphene Lab’s R&D team and it’s thought that a definitive agreement will be inked during the first quarter of 2015.
Graphene 3D Lab develops, manufactures, and markets proprietary, graphene-based nanocomposite materials for various types of 3D printing. The Graphene 3D Lab facility is located in Calverton, NY and it’s equipped with material processing and analytical equipment which the company uses to complete work which has resulted in three US patent applications pending for its technology.
Graphene promises to be the forefront material in a drive to create functional electronic devices with 3D printing technology. Will Canadian firms, with their access to graphene resources, dominate the electronics printing market? Will Graphene 3D Lab’s acquisition today quicken their pace of innovation within the field of graphene 3D printing? Weigh in on the discussion in the Graphene 3D Lab & Boots Industries thread on 3DPB.com.
You May Also Like
Make Your Own 3D Print Design with Expert Guidance
3DPrint.com’s Design Essentials for 3D Printing online crash-course starts October 23 with two live presentations from industry leaders. Over the course of the one-week, learn how to create 3D print-ready...
3DEXPERIENCE Modeling & Simulation Conference: Finn Mast Project & Guest Speaker Dr. Byron Pipes
Recently, Dassault Systèmes, the 3DEXPERIENCE software company, held its 3DEXPERIENCE Modeling & Simulation Conference. I was lucky enough to be invited to attend the event in Novi, Michigan, and the first...
Coding for 3D Part 3: Tools of Choice
This is an in-depth article explaining the plan of attack for learning parametric design through code. I will be consulting various online resources as well as books to strengthen my knowledge base.
3DEXPERIENCE Modeling & Simulation Conference: Keynote by Skunk Works & Executive Roundtable
Last week, Dassault Systèmes, the 3DEXPERIENCE software company, held the 3DEXPERIENCE Modeling & Simulation Conference in Michigan. I was invited to attend the event, which was held from September 18-19...
View our broad assortment of in house and third party products.