Welcome to Printing Money Episode 26! For this episode, Danny is joined by Dayton Horvath, Director of Emerging Technology at AMT (and Printing Money alum!).Danny and Dayton had some quality time to plan this episode, having both just been at Additive Manufacturing Strategies a couple weeks ago. And the planning was needed, because there have been a lot of noteworthy deals not just in the last month, but also some in Q4 which we hadn’t had time to cover.Danny and Dayton start off by reviewing AMS 2025. Speeches by Stratasys CEO Yoav Zeif, AM Research’s Scott Dunham, and The Barnes Global Advisors’ John Barnes are all referenced as the additive manufacturing (AM) “industry” struggles to establish its value and confronts its status as a standalone (or not?) technology.
Next, drawing upon AMT data, Dayton takes us through the 2024 year that was in 3D printing M&A and investment (Hint… not a great year!). Danny and Dayton also highlight some of the most notable 2024 deals.Then Danny and Dayton jump into Printing Money’s bread and butter, analyzing recent deals across the 3D printing landscape. Some themes include software companies buying simulation companies, a continuing focus on AM for military and defense, and AUKUS, more specifically Australia.Please enjoy Episode 26, and check out our prior episodes.
This episode was recorded February 18, 2025.Timestamps: 00:14 – Welcome Dayton Horvath (AMT) to Episode 26 00:33 – Additive Manufacturing Strategies 2025 review 01:22 – Specialization vs generalization for AM solutions 02:26 – AM fits in the manufacturing ecosystem, not on an island 02:56 – John Barnes: “Stop calling it ‘postprocessing’ — it’s just ‘processing’ a04:30 – A continuing focus on defense for AM 05:20 – The focus on defense zoomed in even more the following week at MILAM 06:10 – 2024 3DP/AM investments, through the lens of AMT: A big drop! 08:32 – 2024 3DP/AM M&A, through the lens of AMT: A consistent number of deals, but how good were they? 10:33 – Notable M&A in 2024: ADDMAN and KAM 10:58 – Software buys simulation, Part 1: Synopsys (SNPS) and Ansys (ANSS) 11:25 – Status of the Nano Dimension (NNDM) acquisitions of Desktop Metal (DM) and Markforged (MKFG).Shareholder letter issued in January.
12:06 – Software buys simulation, Part 2: Siemens (SIEGY) to acquire Altair (ALTR) 14:30 – 3D Systems (DDD) sells Geomagics to Hexagon (HXGBY) 16:40 – Shapeways acquires Thangs 17:32 – BICO (CLLKF) continues to divest, sells Nanoscribe to LAB14 for EUR 26M 20:11 – KTI-G (KTG.ASX) set to acquire and rebrand to Metal Powder Works 25:25 – GoEngineer acquires CAD MicroSolutions 27:18 – American Axel Manufacturing (AXL) acquiring GKN Metallurgy and GKN Automotive 31:50 – Stratasys (SSYS) to receive $120M investment from Fortissimo Partners 34:58 – Backflip raises $30M for text to 3D print software 37:12 – Axial3D raises $18M for AI-driven medical 3DP software 41:00 – Amaero receives $23.5M loan from US Import-Export Bank, and AUD $22M Private Placement 44:22 – AML3D (AL3.ASX) receives AUD $30M financing 45:44 – Firehawk Aerospace raises $60M from Donald Trump, Jr.(sort of…) 49:10 – Aspect Biosystems raises $115B Series B for bioprinting 49:56 – Sintavia receives $10M debt financing from Stifel North America and ASTRO America 52:53 – Mighty Buildings seeks an exit 53:24 – Toyota invests $44M in Interstellar 53:35 – AscendArc raises $4M 53:47 – Eric Schmidt invests in Relativity Space 54:45 – Thanks again to Dayton Horvath 55:21 – Disclaimer Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice.
Referenced transactions are sourced from publicly available information.Danny Piper is a registered representative of Finalis Securities LLC, member FINRA/SIPC.This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice.
Investors should consult with their own tax, legal, and financial professionals before investing.Real estate investments are generally highly risky.They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts.
Investors also risk the loss of all principal investments.
Podcast (printing-money): Play in new window | Download
Subscribe: Apple Podcasts | Spotify | RSS
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
