Ultimaker announced that it has come to an agreement with NPM Capital to invest a significant undisclosed amount for growth capital. This will allow Ultimaker to accelerate product development and invest in additional sales, marketing and R&D resources, which will help expand their global market position.
Ultimaker has experienced explosive growth since it was founded in 2011. With offices in The Netherlands and the USA, the company has built a worldwide distribution network selling its products in over 100 countries. Key customers come from a large variety of markets in areas like product design, engineering, research, manufacturing and education. Ultimaker has proven to be very attractive in these areas because of its accessibility, ease of use, high quality results and extensive material support.
Ultimaker CEO Jos Burger explains: "I look forward to working with NPM Capital. They have a great and solid reputation as a committed longer term investor. NPM Capital has a flexible investment horizon focused on long term value creation. The company is not driven by the need to make a rapid exit, which enables us to continue our growth at a pace that our markets require. With the additional funding and support from NPM Capital we now have the ability to accelerate innovation and further empower professionals worldwide with the tools and knowledge required for them to stay ahead in a rapidly changing business environment."
For NPM Capital, Ultimaker is an exciting investment in a very attractive market, led by an impressive management team. Bart Coopmans, managing director of NPM Capital says: "Ultimaker fits in our strategy of investing in technology based growth platforms. We are impressed by Ultimaker's leading market position and clear growth strategy. We believe Ultimaker has a sustainable competitive advantage stemming from its integrated platform of hardware, software, materials and support network. Together with a strong community, an ambitious team of professionals and a highly-committed leadership, Ultimaker is very well positioned for further growth. We really look forward to working closely together with the Ultimaker team on their fascinating journey."
Ultimaker's three founders Martijn Elserman, Erik de Bruijn and Siert Wijnia will remain as shareholders alongside NPM Capital, which is part of a family-owned multinational SHV, who will become a majority shareholder.