Dec 1, 2017 -- The Board of Directors of Arcam AB (publ) ("Arcam" or the "Company") has resolved to initiate a process to explore and evaluate strategic alternatives regarding DiSanto Technology Inc. (“DTI”), to strengthen its focus and capabilities within both Additive Manufacturing and conventional manufacturing. As part of this process, the Company intends to consider a range of strategic and structural options, which may include, among other things, a restructuring, full or partial separation of DTI via a spin-off, sale, joint venture, strategic collaboration or other transaction.
The evaluation is part of Arcam's continued efforts to allocate resources and capital to maximize the advancement of Arcam’s offerings for its customers. Arcam’s objective is to strengthen DTI’s ability to serve as a contract manufacturing partner to orthopedic customers seeking to combine the benefits of additive manufacturing with traditional manufacturing capabilities.
There can be no assurance that this review will result in a transaction. Although Arcam expects to proceed in a timely manner, there is no timetable for completion of the review process and the Company does not intend to announce any updates other than what is required by law and the stock exchange rules.
Arcam has engaged Viant Capital, LLC as financial advisor to assist in the review of strategic alternatives for DTI.
About DTI
DTI in the US offers contract manufacturing of orthopedic implants. Production involves both Arcam’s EBM® technology and more conventional equipment and manufacturing capabilities. DTI produces a wide range of components in titanium, cobalt chrome and medical grade plastics. DTI has significant experience in manufacturing services for the orthopedic market including prosthesis parts for hip joints, knees, spine and extremities. DTI’s office is located in Shelton, CT, United States.
This information is information that Arcam Aktiebolag (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below on 1 December 2017, at 8:30am CET.
For further information:
Magnus René, CEO and President, Arcam
Cell: +46 702 79 89 99 or +1 781 266 6957
E-mail:
Email Contact
Arcam, a GE Additive company, brings together best-in-class Additive Manufacturing systems, the highest quality materials, and real-world production expertise, changing the way manufacturers conceive and produce metal components. Together we use our collective knowledge to inspire and disrupt conventional thinking. Through our solution orientation, Arcam is an innovative partner for advanced manufacturing, primarily in the aerospace and medical industries.
Arcam Group provides Electron Beam Melting systems through Arcam EBM in Sweden, powder metals through AP&C in Canada and implant contract manufacturing through DTI in the U.S.
Contacts:
Arcam AB
Krokslätts Fabriker 27A
SE-431 37 Mölndal, Sweden