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Business deals

Nikon to buy German 3D printer maker SLM for $620m

Aerospace and EVs seen stoking demand for printed metal components

Nikon hopes to become a global leader in metal 3D printing through the acquisition of Germany's SLM Solutions Group.

TOKYO -- Nikon said Friday it has agreed to take over German 3D printer maker SLM Solutions Group in a deal that will ultimately be worth 622 million euros ($621 million).

Nikon will first spend 45 million euros for a roughly 10% stake in the target through a capital increase. The Japanese company will later launch tender offers to purchase shares and convertible bonds, financing the acquisition with funds on hand.

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