Xaar's 3D sale is approved

25 October 2021

Inkjet

Xaar 3D sale means Xaar can focus on its core business

Xaar shareholders have approved the firm’s plans to sell its stake in 3D printing business Xaar 3D.

Earlier this month Xaar announced that it planned to dispose of its stake to joint venture partner Stratasys.

At a general meeting held earlier today (25 October), shareholders voted overwhelmingly in favour, with the owners of more than 54m shares saying yes to the move, just 235 against, and 6,000 abstentions.

Xaar said it was pleased to receive approval, and expected to complete the disposal on 1 November.

The revised consideration is worth up to $33.83m (£24.9m) and Xaar will be entitled to receive royalties on products and services sales for up to 15 years.

Inkjet Equipment manufacturers Mergers and acquisitions

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