Zortrax withdraws from negotiations with RusAT

Polish extrusion 3D printer manufacturer Zortrax S.A. decided to withdraw from further negotiations with Rusatom – Additive Technologies (RusAT), a part of ROSATOM Group. The state-owned Russian company had offered an investment of up to 65 million USD in exchange for under 50% of Zortrax S.A. shares.

On March 1, 2022, Zortrax decided against signing an annex prolonging the negotiations with Rusatom – Additive Technologies which means that the investment deal under negotiations will not be signed and come into effect. Consequently, Rusatom – Additive Technologies will not become one of Zortrax S.A. shareholders.

Set up within the structure of ROSATOM’s Fuel Company TVEL, Rusatom – Additive Technologies Ltd (RusAT) merges competencies in science and technology of scientific and production companies of ROSATOM in the project that develops the additive productions in Russia. It controls design and 3D printers production, additive powders, complete sets, software and 3D printing services. RusAT develops two additive printing technologies: selective laser melting and straight metal overlay, where a metal powder is sent to the overlay zone together with a laser beam.

“Russian aggression against Ukraine left us all shocked and outraged. It also rendered it absolutely clear that Zortrax’s mission cannot and will not be financed with money that made this aggression possible. For this reason, we are withdrawing from further negotiations with Rusatom – Additive Technologies which is a Russian state-owned company,” commented Mariusz Babula, CEO of Zortrax S.A.

The withdrawal from the investment deal will not negatively affect Zortrax S.A. performance on the global 3D printing market, its ability to develop new products or its overall financial standing. The latest financial results published by Zortrax S.A. reveal a significant upwards trend beginning from Q4, 2021, with a 28% increase in sales compared to Q4 2020 giving reasons to expect further growth in the future.