To fuel their plans for world desktop domination, Dutch 3D printer manufacturer Ultimaker announces a major cash injection from NPM Capital.
Ultimaker, a leading manufacturer of desktop 3D printers, has struck a deal with NPM Capital, a leading private equity firm.
NPM Capital is investing a significant amount — as yet undisclosed — to provide Ultimaker with growth capital. The Dutch company says it will use the cash infusion to accelerate product development and invest in additional sales, marketing and R&D resources. It will also help Ultimaker to cement an already formidable position in the global market.
“I look forward to working with NPM Capital. They have a great and solid reputation as a committed longer-term investor. NPM Capital has a flexible investment horizon focused on long term value creation,” says Ultimaker CEO Jos Burger.
“The company is not driven by the need to make a rapid exit, which enables us to continue our growth at a pace that our markets require. With the additional funding and support from NPM Capital we now have the ability to accelerate innovation and further empower professionals worldwide with the tools and knowledge required for them to stay ahead in a rapidly changing business environment.”
Since it was founded in 2011, Ultimaker has become synonymous with high-end desktop 3D printers which are accessible and easy to use, with quality results and extensive material support.
And with offices in The Netherlands and the USA, the company has built up a worldwide distribution network selling its products in over 100 countries. Key customers come from a broad range of markets like product design, engineering, research, manufacturing, and education.
For NPM Capital, Ultimaker is an exciting investment in a very attractive market, led by an impressive management team.
“Ultimaker fits in our strategy of investing in technology based growth platforms. We are impressed by Ultimaker’s leading market position and clear growth strategy. We believe Ultimaker has a sustainable competitive advantage stemming from its integrated platform of hardware, software, materials and support network,” explains Bart Coopmans, managing director of NPM Capital.
“Together with a strong community, an ambitious team of professionals and a highly-committed leadership, Ultimaker is very well positioned for further growth.”
“Together with a strong community, an ambitious team of professionals and a highly-committed leadership, Ultimaker is very well positioned for further growth. We really look forward to working closely together with the Ultimaker team on their fascinating journey.”
Ultimaker’s three founders Martijn Elserman, Erik de Bruijn and Siert Wijnia will remain as shareholders alongside NPM Capital, which is part of a family-owned multinational SHV, who will become a majority shareholder.
Source: Press Release
License: The text of "Ultimaker Secures Major Funding from NPM Capital" by All3DP is licensed under a Creative Commons Attribution 4.0 International License.
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