Arcam Completes Acquisition of powder producer AP & C in Canada
Arcam AB, listed on NASDAQ OMX, has completed the acquisition of the powder division, AP & C
from Raymor Industries Inc for a total of 35 million Canadian dollars ("CAD").
The total purchase price amounts to 35 MCAD divided into an initial cash
payment of 20 MCAD at closing and an additional payment of total
maximum of 15 MCAD paid in 2015 and 2016, subject to certain
objectives.
AP & C revenue was approximately 6.5 MCAD with an EBITDA of about 1.5 MCAD in 2013. It
acquired business, currently has 31 employees, will become a subsidiary of
Arcam Group and the current management team continues today.
The acquisition is expected to contribute to increased net income per share in 2014.
AP & C manufactures metal powders using a proprietary technology for plasma
Atomization and titanium powder is today the largest product. A significant
part of AP & C's sales go to 3D printing. Other markets are Metal
Injection Molding (MIM), powders for plasma spraying and powder for HIPade
components. Arcam and AP & C will further develop and refine the plasma
Technology to continue to rapidly grow the company.
"AP & C's technology and market position in metal fabrication is a
perfect complement to Arcam machine sales and strengthens Arcam position
in Additive Manufacturing ", says Magnus René, CEO of Arcam.
This is information that Arcam AB (publ) is required to disclose under the
securities market and / or the Trading in Financial Instruments.
This information was published on February 12th 20134th
