Fathom, a listed provider of 3D printing services, could soon change hands. The private equity company CORE Industrial Partners has submitted a takeover bid. CORE already held a stake of around 80 percent in Fathom through acquisitions in 2019.
According to Fathom, the offer is 4.50 dollars per share. An internal committee is currently reviewing the offer and possible alternative scenarios. A decision has yet to be made.
The background to the move could be Fathom’s weak quarterly figures. The company recorded a decline in turnover and losses in the millions in the third quarter. Fathom had previously gone public in April 2021 with much advance praise via a SPAC deal.
According to industry experts, financial investors such as CORE are taking advantage of the current market turmoil to buy additive manufacturing companies at low prices. It is unclear whether CORE is planning to merge Fathom with another service provider.
Subscribe to our Newsletter
3DPresso is a weekly newsletter that links to the most exciting global stories from the 3D printing and additive manufacturing industry.
