Nikon to Purchase Elliott-Backed German 3D Printing Firm SLM
- Nikon secured 61% for deal valuing SLM at 600 million euros
- Acquisition plays key role in Nikon’s strategy, CEO says
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Nikon Corp. agreed to buy SLM Solutions Group AG in a deal that values the German 3-D printing-machine maker and perennial takeover target at about 600 million euros ($597 million).
The Japanese technology company is offering 20 euros for each share of SLM, representing a premium of about 84% over the three-month average share price, according to a statement that confirmed an earlier report by Bloomberg News. SLM surged as much as much as 74% in Frankfurt trading.