Micronics Acquisition: Key Details, Impact, and What Comes Next

Formlabs has acquired Micronics, a Wisconsin-based 3D printing startup, to advance its Selective Laser Sintering (SLS) technology. This strategic move aims to make SLS 3D printing more accessible to a broader range of users, including product designers and engineers. The integration of Micronics' team and technology is expected to enhance Formlabs' capabilities and foster innovation in the industry.

What Is Micronics?

Founded in 2024, Micronics specializes in Selective Laser Sintering (SLS) 3D printing technology. The company aims to make SLS 3D printing more accessible to a wider audience. Unique selling points include its acquisition by Formlabs, which enhances its capabilities, and a strong community support from a successful Kickstarter campaign. Additionally, Micronics offers a $1000 credit and an Open Material License to Kickstarter backers, adding significant value for early supporters.

Who Acquired Micronics?

Formlabs is a leading provider of high-resolution SLA and SLS 3D printers designed for professional use. Known for their innovative technology, they offer a range of products including the Form 4L printer and Fuse Series. Their portfolio also includes post-processing tools, diverse materials like SLA resins and SLS powders, and software solutions such as PreForm and Dashboard. With over 130,000 printers in use, Formlabs has a significant influence across industries like dental, engineering, and aerospace.

When Was Micronics Acquired?

Formlabs announced the acquisition of Micronics on July 11, 2024. This move aligns with industry trends focused on making SLS 3D printing more accessible and affordable. The acquisition follows Micronics' successful Kickstarter campaign for their desktop SLS printer, the Micron. By integrating Micronics' technology and team, Formlabs aims to enhance its SLS capabilities, reflecting a broader trend of consolidation in the 3D printing industry to drive innovation and market reach.

Why Was Micronics Acquired?

• Market Expansion: The acquisition of Micronics by Formlabs represents a strategic move to expand their market presence in the SLS 3D printing sector. By integrating Micronics' technology and team, Formlabs aims to make SLS 3D printing more accessible to a broader audience, including product designers, engineers, and innovators globally. This expansion is further supported by Formlabs' previous acquisition of Spectra Group Photopolymers LLC, which enhanced its 3D printing material capabilities.
• Technology Integration: The integration of Micronics' desktop SLS printer technology, specifically the Micron, into Formlabs' existing product lineup is a key focus. Micronics' co-founders, Henry Chan and Luke Boppart, have joined Formlabs' R&D team to develop the next generation of accessible SLS printers. This integration aims to leverage Micronics' innovative technology to create user-friendly and cost-effective SLS 3D printers, enhancing Formlabs' existing capabilities in this domain.
• Competitive Advantage: By acquiring Micronics, Formlabs gains a competitive advantage through the addition of innovative SLS technology and the expertise of Micronics' founders. This move positions Formlabs to offer more advanced and accessible SLS 3D printing solutions, potentially setting them apart from competitors in the 3D printing industry. The acquisition also aligns with Formlabs' strategy of vertical integration, enhancing its control over the production and development of 3D printing materials and technologies.

Acquisition Terms

• Acquisition Price: The acquisition price was not publicly disclosed.
• Payment Method: The payment method was not specified.
• Key Conditions or Agreements:
  • Micronics Kickstarter backers will receive a full refund and $1,000 in Formlabs credit, valid for five years.
  • Backers will also be gifted a free Open Materials License for Formlabs 3D printers.
  • Micronics' founders, Henry Chan and Luke Boppart, will join Formlabs' R&D team to develop the next generation of accessible SLS printers.
  • The development of the Micron 3D printer by Micronics has been ceased.

Impact on Micronics

The acquisition of Micronics by Formlabs has led to significant changes in operations and management. Micronics' founders, Henry Chan and Luke Boppart, have joined Formlabs' R&D team, bringing their expertise to develop the next generation of accessible SLS 3D printers. The integration of Micronics' team into Formlabs aims to enhance the company's SLS capabilities, aligning with their mission to make 3D printing more accessible. The development of the Micron 3D printer has been ceased, and the focus has shifted to incorporating Micronics' technology into Formlabs' existing product line.

In terms of product offerings and services, the acquisition has resulted in the cancellation of the Micron 3D printer project. However, Formlabs plans to leverage Micronics' technology to create more affordable and user-friendly SLS 3D printing solutions. Kickstarter backers of Micronics will receive full refunds, $1,000 in Formlabs credit, and a free Open Materials License, reflecting a commitment to customer satisfaction. Employee reactions have been positive, with Henry Chan expressing excitement about the potential to enhance the SLS 3D printing experience through Formlabs' resources and expertise.

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