Align Technology To Acquire Privately Held Direct 3D Printing Pioneer Cubicure To Support And Scale Company's Strategic Innovation Roadmap; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Align Technology, Inc. (NASDAQ:ALGN) has announced its plans to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions. The acquisition is expected to strengthen Align's digital platform and its capabilities in direct 3D printing. The purchase price for the transaction will be approximately €79 million and the acquisition is expected to close in Q4 2023 or early 2024.
September 06, 2023 | 8:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Align Technology's acquisition of Cubicure is expected to strengthen its digital platform and 3D printing capabilities. This could potentially lead to increased efficiency and innovation in the company's operations.
The acquisition of Cubicure, a pioneer in 3D printing solutions, is a strategic move by Align Technology to strengthen its digital platform and enhance its 3D printing capabilities. This could potentially lead to increased efficiency and innovation in the company's operations, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100