Align Technology, Inc. (Align) has recently announced its plans to acquire Cubicure GmbH, a leader in direct 3D printing solutions for polymer additive manufacturing. The acquisition will further strengthen Align’s capabilities in direct 3D printing and expand its expertise in this innovative field.
Align and Cubicure have been collaborating for several years, and this partnership has resulted in breakthrough technologies in 3D printing. Cubicure’s patented Hot Lithography technology is particularly noteworthy, as it enables the processing of highly viscous resins to produce tough and temperature-resistant polymers. This 3D printing process allows for the production of resilient components with exceptional material quality performance.
Align, known for its clear aligners and large-scale 3D printing operations, sees the acquisition of Cubicure as a way to continue innovating and investing in technologies that enable the next generation of 3D printed products. By bringing Cubicure’s talented team and cutting-edge technology in-house, Align aims to scale its 3D printing operations and eventually direct print millions of custom appliances per day.
The acquisition of Cubicure will not only enhance Align’s intellectual property portfolio but also extend its printing, materials, and manufacturing capabilities. The purchase price for the transaction is expected to be approximately €79 million, subject to customary closing adjustments. The acquisition is set to close in Q4 2023 or early 2024.
Align Technology, Inc. is a leading designer and manufacturer of the Invisalign® System, iTero™ intraoral scanners, and exocad™ CAD/CAM software. These innovative technologies have revolutionized digital orthodontic and restorative workflows, improving patient outcomes and practice efficiencies for thousands of doctors worldwide.
Cubicure GmbH, on the other hand, specializes in developing, producing, and distributing system solutions for the 3D printing of polymer parts. The company’s hot lithography process enables the additive manufacturing of precise and resilient components, contributing to the digital future of industry.
Align Technology’s acquisition of Cubicure is a strategic move that will not only bolster its position in the 3D printing industry but also drive long-term growth and innovation. By combining their expertise, Align and Cubicure aim to continue pushing the boundaries of additive manufacturing and develop sustainable and efficient solutions for the future.
Title: Align Technology’s Acquisition of Cubicure: A Promising Venture with Potential Challenges
Introduction:
Align Technology recently announced its acquisition of Cubicure, a move that is expected to bring several benefits and synergies to both companies. While this partnership holds immense promise for future growth and innovation in the dental industry, it is important to consider the potential challenges and risks that may arise during the integration process. In this blog post, we will delve into the details of the acquisition, exploring both the positive aspects and the obstacles that need to be overcome.
The Acquisition:
Align Technology’s decision to acquire Cubicure is driven by the belief that this strategic move will contribute significantly to the company’s growth trajectory. With Cubicure’s expertise in additive manufacturing and 3D printing technologies, Align aims to expand its portfolio of dental solutions and enhance its competitive edge. This acquisition aligns with Align’s mission to revolutionize dentistry through advanced technology and patient-centric innovation.
Expected Benefits and Synergies:
The integration of Cubicure’s resources, products, and technologies into Align Technology’s existing infrastructure is projected to yield several benefits. The combined entity will have the opportunity to accelerate research and development efforts, bringing innovative solutions to the market more quickly. Additionally, the collaboration between the two companies is expected to result in improved manufacturing processes, enhanced product quality, and cost efficiencies.
Challenges and Risks:
While the acquisition presents exciting prospects, it is important to acknowledge the potential challenges that may arise. One key concern is the timely and efficient integration of Cubicure’s business without disrupting the operations of either Align or Cubicure. Ensuring a seamless transition requires careful planning, effective communication, and meticulous attention to detail.
Furthermore, the announcement and completion of the acquisition may impact the relationships between Align Technology, Cubicure, their customers, suppliers, and strategic partners. It is crucial to proactively address any concerns and mitigate potential negative effects on stakeholders. Retaining and attracting talented professionals during this transitional period is also vital for maintaining productivity and continuity.
Another significant challenge lies in managing potential financial reporting risks associated with the implementation of new accounting policies and practices. The consolidation of the global group and the integration of foreign operations may also have an impact on the future tax rate and payments. Addressing these technical and financial aspects requires thorough analysis and careful consideration.
Conclusion:
The acquisition of Cubicure by Align Technology marks an important milestone in unlocking new opportunities for growth and innovation in the dental industry. While the transaction holds immense promise, challenges and risks are inherent to any complex business venture. Align Technology remains committed to navigating these challenges effectively, guided by a firm dedication to delivering value to its stakeholders. By leveraging its expertise, resources, and innovative spirit, Align is well-positioned to create a successful synergy with Cubicure, revolutionizing the dental industry and improving patient care.
