In response to the newest Additive Manufacturing Analysis (AMR) report on the AM dental market, the dimensions of that market may almost double by 2033, indicating that the 3D printing trade nonetheless has important room to run in a phase that’s arguably essentially the most complete, mature AM adopter to this point. One of many newest 3D printing trade acquisitions reinforces the case made by that AMR research: LA-based dental market chief SprintRay has acquired the EnvisionTEC dental portfolio, following the chapter of EnvisionTEC’s earlier dad or mum firm, Desktop Steel.
This additionally follows the announcement by an affiliate of VC/non-public fairness agency Anzu Companions that it had acquired the overseas subsidiaries of EnvisionTEC (together with these of ExOne and AIDRO). SprintRay’s acquisition of the EnvisionTEC dental belongings brings collectively two of essentially the most longstanding manufacturers within the AM marketplace for dental: the previous was based in 2014, the latter in 2002.
Desktop Steel acquired EnvisionTEC in early 2021, in a cash-and-stock deal value about $300 million. Notably, NanoDimension’s closing value for Desktop Steel in early 2025 was $179 million — barely greater than half what Desktop paid for EnvisionTEC. SprintRay’s buy value for EnvisionTEC’s dental belongings hasn’t been disclosed.
A longtime firm that’s already acquainted with the digital gentle processing (DLP) expertise on the coronary heart of EnvisionTEC’s enterprise mannequin, SprintRay ought to have a reasonably straightforward time integrating the EnvisionTEC belongings into its company construction. In response to SprintRay, one of many key focal factors of the transition would be the qualification of SprintRay supplies on EnvisionTEC machines, and vice versa.
In a press launch about SprintRay’s acquisition of EnvisionTEC’s dental belongings, the co-founder and CEO of SprintRay, Amir Mansouri, PhD, stated, “SprintRay’s acquisition of EnvisionTEC’s dental portfolio ensures current clients proceed to have the instruments and assist they depend on, whereas additionally strengthening our place in dental labs. Our mission to rework dentistry via accessible, dependable 3D printing expertise hasn’t wavered. This strategic transfer reinforces that dedication.”
SprintRay’s acquisition comes concurrently Pac-Dent, one other California-based firm within the dental 3D printing area, introduced that it is going to be buying Ackuretta Applied sciences, which manufactures a full vary of dental merchandise together with chairside 3D printers. Whereas these are simply two examples, it does appear noteworthy that the 2 offers occurred in such shut proximity to at least one one other.
Furthermore, it’s particularly noteworthy insofar because the acquisitions characterize precisely the kind of horizontal consolidation that many AM trade insiders have lengthy argued could be a crucial precursor to the trade’s subsequent progress cycle. Alongside these strains, it’s positively value retaining an eye fixed out for extra acquisitions within the close to future which will match the identical basic sample.
Additional, in that very same context, the SprintRay/EnvisionTEC deal is a reminder that bankruptcies aren’t dangerous for everybody. This one was dangerous for Desktop Steel, however clearly good for Anzu Companions and SprintRay. And, past the entire “one man’s trash is one other man’s treasure” angle, the evolution of an trade requires shedding corporations to fail in order that successful corporations can rise to the forefront.
One factor nobody can say concerning the AM trade is that it’s not resilient. EnvisionTEC endured getting wrapped up in one of the mismanaged unicorns in current reminiscence, and its new residence ought to give it nearly as good an opportunity to thrive because it’s ever had.
Photos courtesy of EnvisionTEC
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