We are delighted to have advised SBO on their acquisition of 3T Additive Manufacturing
SBO, an Austrian listed precision engineering group, acquired UK based 3T AM, an additive manufacturing company, through an auction process triggered by the liquidation of 3T AM’s Italian parent company. With the parent entity entering insolvency proceedings, 3T AM was put up for sale by the appointed liquidators.
SBO moved quickly to assess the opportunity and submitted a formal offer to acquire 3T AM, which initiated a statutory 30-day window during which other potential buyers could submit competing bids. Throughout this period, SBO remained the optimal bidder. Following the close of the 30-day window, the sale was confirmed.
Grant Thornton quickly mobilised a senior team to provide buyside support to SBO, with corporate finance, transaction support, tax and Italian restructuring input. The team provided integrated advice to SBO including strategic guidance on deal issues, pricing and tactics in relation to the Italian administration process.
The team operated efficiently to advise on a complex, cross-border accelerated acquisition, enabling SBO to secure the acquisition in the strategic and much sought after additive manufacturing sector amidst stringent time constraints.
