German company voxeljet AG has announced that its executive and supervisory boards have initiated a strategic review. According to the press release, this will include exploring options such as mergers, acquisitions or joint ventures.
voxeljet is a provider of industrial 3D printing systems in the binder jetting process. The publicly traded company primarily uses it to produce large-format casting molds and cores for the metals industry. In addition, they offer an on-demand printing service for prototypes and small batches.
For the strategic review, BNP Paribas Securities was engaged as financial advisor and international law firm Hogan Lovells as legal advisor. According to voxeljet, there is no timeline for completion of the review. Nor can any guarantees be given that it will lead to specific transactions or strategic changes.
Financial investors who could take voxeljet off the stock market and develop it further would also be conceivable as part of the process. In the event of a sale of the company, industry giants such as ExOne or Stratasys would be obvious prospective buyers. voxeljet itself does not want to comment on the process until the decision-makers have determined a specific course of action.
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