TRUMPF to acquire joint venture with SISMA completely // 3D printing dental and medical business expansion
Ditzingen, December 18, 2020 – The high-technology company TRUMPF plans to strengthen its additive manufacturing (AM) division: The Ditzingen-based company is in advanced talks with its Italian partner SISMA S.p.A., a leader of manufacturing high-technology machines, to acquire the joint venture TRUMPF SISMA S.R.L. completely. Up to now, TRUMPF holds 55 percent of the shares.
In addition, TRUMPF intends to continue SISMA’s additive manufacturing business activities in the industrial, dental and medical sectors.
Simultaneously with its divestment from the joint venture, SISMA plans to focus on the jewelry and fashion industry and for this purpose to enter into a cooperation with TRUMPF in 3D printing.
TRUMPF SISMA was founded as a joint venture in 2014 and is based in Schio in northern Italy. Around 60 employees work there in the development and production of metal 3D printing machines with Laser Metal Fusion technology.
The transaction is expected to be completed in the first quarter of 2021. The two companies did not provide further details.
About TRUMPF
The high-technology company TRUMPF offers production solutions in the machine tool and laser sectors. It is driving digital connectivity in manufacturing industry through consulting, platform and software offers. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing, and also for industrial lasers.
In 2019/20 the company – which has about 14,300 employees – achieved sales of 3.5 billion euros. With over 70 subsidiaries, the TRUMPF Group is represented in nearly all the countries of Europe, North and South America, and Asia. It has production facilities in Germany, France, Great Britain, Italy, Austria, Switzerland, Poland, the Czech Republic, the USA, Mexico, China and Japan.
For more information about TRUMPF go to www.trumpf.com