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.
Boots Industries, located in Quebec City, Canada, develops fused filament fabrication, delta 3D printers for retail sale. The company’s BI V2.5 3D printer offers an optional triple-head extruder.
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.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
HILOS Realizes Footwear Designs of Ancuta Sarca with Shoe 3D Printing Platform
Designer Ancuta Sarca collaborated with HILOS Studio to unveil 3D printed shoes at London Fashion Week. Together, they created a wedge sandal that highlights Ancuta’s design prowess and HILOS’s platform-based...
HILOS Unveils On-demand 3D Printed Shoe Platform at Art Basel
At Art Basel in Miami, Portland startup HILOS Studio announced a new partnership that signals a shift in the company’s business strategy for 3D printed footwear production, likely for the...
RIP 3D Printing, Part 3: Rapid Applications
In this series, I’ve guided you through a fragmented landscape where the shift from investor funding to making money from selling components, services or machines is imminent. Traditionally, mastering 3D...
3DPOD Episode 174: 3D Printed Shoes with Elias Stahl, HILOS Founder & CEO
Elias Stahl believes that his startup, HILOS, has the potential to transform the manufacturing industry. Starting with 3D printed shoes, he aims to integrate this technology with skilled labor, additional...