SLM Solutions Group
| SLM Solutions Group AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | DE000A111338 |
| founding | 2006 |
| Seat |
Lübeck , Germany
|
| management |
|
| Number of employees | 405 (2019) |
| sales | 48.9 million euros (2019) |
| Branch | mechanical engineering |
| Website | slm-solutions.de |
| As of December 31, 2019 | |
The SLM Solutions Group AG , headquartered in Lübeck, is a listed manufacturer of 3D metal printers and co-owner of the SLM ® word mark . In terms of the number of machines sold, SLM Solutions was the third largest manufacturer in the world in 2012, after the market leaders EOS and Concept Laser . All three are based in Germany.
The shares of SLM Solutions Group AG have been listed in the Prime Standard on the Frankfurt Stock Exchange since May 9, 2014 .
Products and Applications
There are selective laser melting machines with laser powers from 100 to 2800 (laser melting machines) Watt offered, the latter on four lasers. According to the manufacturer, the top model was the most powerful metal 3D printer on the market in April 2014 and costs around 1.5 million euros. The devices process various materials such as aluminum , steel , titanium and Inconel . Depending on the model, the maximum size of the manufactured components is 125 × 125 × 75 mm to 500 × 280 × 850 mm.
One of the main advantages of 3D printing is that parts with complex geometries can be produced in just "one pass". This makes this process particularly interesting for rapid prototyping and small series , but also for series production in aerospace technology , where weight savings play a major role. One reaches this z. B. through cavities or pores in the workpiece.
Other areas of application for printers from SLM Solutions are energy technology (e.g. turbine parts), vehicle technology and medical technology (e.g. for implants ). The company also names NASA , EADS , General Electric , Siemens and BMW as blue-chip customers . Many devices were also sold to research institutions.
In addition to laser melting devices, SLM Solutions Group AG also sells conventional casting systems for rapid prototyping . A smaller, decreasing share of sales is attributable to this division.
history
Between 1996 and 1998 the companies F & S Stereolithografietechnik GmbH (Fockele & Schwarze) and Trumpf GmbH as well as the Fraunhofer Institute for Laser Technology began their first research in the field of laser melting processes. After founding a European technology center for rapid prototyping in Kaarst , the British Mining and Chemical Products Ltd. (MCP) introduced the technique of selective laser melting, while Fockele & Schwarze developed various patents in this area.
In 2002, F & S and MCP entered into a partnership and jointly developed SLM devices ready for the market. MCP pioneered the laser processing of aluminum and titanium. The development and manufacture of the devices was based at the subsidiary HEK GmbH in Lübeck. As part of a corporate restructuring at MCP, this division was spun off in 2008 under the management of Hans-Joachim Ihde into MTT Technologies GmbH - later SLM Solutions GmbH - and sold to Ihde and Henner Schöneborn. Both are still involved in SLM AG today (as of May 2014).
The ING Groep also took a stake in SLM through its Parcom Deutschland I fund and took over half of the shares. In preparation for the planned IPO , the company was incorporated into the newly founded SLM Holding GmbH, which was renamed SLM Solutions Group AG in 2014.
The formal founding year of the stock corporation is thus 2014, while the origins of the company go back to the 1990s. In a self-portrait they are even traced back to the founding of a Bolivian bismuth mine in the 1860s . The securities prospectus for the IPO names 2006 as the date of foundation of the operating company.
As part of the IPO in May 2014, SLM Solutions Group AG raised € 75 million by issuing new shares. At the same time, the existing shareholders - mainly Parcom - sold shares at a market value of € 105 million. The plan was to sell old shares at a market value of € 103 to 163 million.
Important strategic partnerships were established in 2016. In the field of application software, SLM Solutions Software GmbH was founded in February 2016 together with the Austrian CADS GmbH from Perg. The common goal is to develop software that facilitates the optimal design of components for additive manufacturing. In addition, on July 14, 2016, 3D Metal Powder GmbH was entered in the commercial register in order to be able to deliver custom-fit consumables for the respective customer applications.
In 2016 there was a month-long attempt to acquire SLM Solutions by GE Aviation , which failed due to the asking price of a major shareholder, the hedge fund Elliott.
Business and financial situation
In the years leading up to the IPO, SLM Solutions experienced increasing demand for 3D printers and correspondingly strong growth until 2017. The following table shows some business metrics:
| year | sold SLM ® machines |
Sales (€ million) |
EBITDA * (€ million) |
EBITA * (€ million) |
Employees (annual average) |
|---|---|---|---|---|---|
| 2011 | 7th | 11.9 | 1.2 | 0.8 | 46 |
| 2012 | 21st | 17.5 | 1.9 | 1.5 | 52 |
| 2013 | 28 | 21.6 | 2.5 | 1.5 | 74 |
| 2014 | 49 | 33.5 | 4.5 | −6.0 ** | 148 |
| 2015 | 93 | 66.1 | 8.1 | 4.9 | 200 |
| 2016 | 118 | 80.7 | 2.6 | -2.6 | 300 |
| 2017 | 113 | 82.5 | 2.0 | -3.8 | 370 |
| 2018 | 99 | 71.7 | -7 | -14.6 | 422 |
* EBITDA adjusted for “one-time expenses” as reported by the company; EBIT according to the income statement , adjusted for depreciation from purchase price allocation
** including 8.4 M € expenses in connection with the IPO
Corporate management
Meddah Hadjar (CEO) was employed by SLM Solutions Group AG in May 2019. Gereon W. Heinemann (CTO) has been on the board since August 2018.
Shareholders
The company's largest single shareholder is the American hedge fund manager Paul Elliott Singer with a 28% stake in the voting share capital . For the entire reported shareholder structure see table:
| Share (in percent) |
Shareholders |
|---|---|
| 28.00 | Paul Elliott Singer |
| 15.25 | Hans-Joachim Ihde ( member of the company's supervisory board ) |
| 15.09 | George Kounelakis |
| 10.12 | Invesco Ltd. |
| 31.54 | Free float |
As of July 3, 2019
Individual evidence
- ^ A b SLM Solutions Group AG: Board of Directors. Retrieved July 29, 2019 .
- ^ A b SLM Solutions Group AG: Supervisory Board. Retrieved July 29, 2019 .
- ↑ a b Annual Report 2019. (pdf) In: slm-solutions.com. Retrieved May 9, 2020 .
- ↑ Securities prospectus ( Memento of the original from April 28, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. on stage.slm-solutions.com
- ↑ SLM Solutions before the IPO: 3D printing made in Germany , www.deraktionaer.de, May 8, 2014, accessed on May 9, 2014.
- ↑ SLM Solutions Group AG: SLM®800. Retrieved May 13, 2019 .
- ↑ Milestones in the history of today's SLM Solutions GmbH , www.slm-solutions.com, accessed on May 9, 2014.
- ↑ Press release from SLM AG on the share offer , April 25, 2014, accessed on May 9, 2015
- ↑ Press release from SLM AG on the completed IPO , May 8, 2014, accessed on May 9, 2014
- ↑ SLM Solutions Group AG: Annual Report 2016 . Ed .: SLM Solutions Group AG. Lübeck March 2017.
- ↑ Desirée Backhaus; Michael Hedtstück: GE fails with takeover of SLM Solutions. In: https://www.finance-magazin.de/deals/ma/ge-scheitert-mit-uebernahme-von-slm-solutions-1390691/ . Finance Magazin, October 27, 2016, accessed June 27, 2018 .
- ^ SLM Solutions Group AG: Shareholder structure. Retrieved July 29, 2019 .
- ↑ BaFin - Significant shares of voting rights according to Sections 33, 38 and 39 of the Securities Trading Act (WpHG). Retrieved July 29, 2019 .
Coordinates: 53 ° 51 '52 " N , 10 ° 36" 49.3 " E