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Falcon Minerals Ltd: 3D printer company acquisition signs with Staples

Falcon Minerals Ltd: 3D printer company acquisition signs with Staples

Falcon Minerals Ltd, (ASX:FCN) which is transitioning into the 3D printer manufacturer with a recent acquisition of  ROBO 3D, Inc., has signed a key agreement to launch into 45 U.S. retail stores of Staples, (NASDAQ:SPLS).

The rollout into Staples, one of the world’s largest office supply chain stores, is another win for ROBO 3D, following the launch in October 2015 into 50 retail stores of Best Buy (NYSE:BBY).

On 3 December 2015, Falcon agreed to acquire 51% of the share capital of ROBO 3D via the acquisition of 100% of the share capital of Albion 3D Investments Pty Ltd, a holding company, subject to shareholder approval.

Founded in 2012, ROBO 3D designs, manufactures and sells 3D printers and associated products to the consumer segment of the 3D printing industry.

3D printing or additive manufacturing is a process of making three dimensional solid objects from a digital file.

According to Gartner, Inc.'s (NYSE:IT) 2015 forecast, 3D printer shipments are forecast to more than double every year between 2016 and 2019.

ROBO 3D’s total annual sales reached US$3.47 million in 2015, which is more than double the sales in 2014.

 

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Falcon Minerals Timeline

Newswire
August 12 2015

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