Piovene Rocchette, 11.11.2021
SISMA sells its investment in the JV with TRUMPF regarding metal 3D printing.
Piovene Rocchette (VI), 10 November 2021 – Following prior SISMA S.p.A. press releases that announced its intention to leave to TRUMPF GmbH the LMF Business, except for Jewellery and Fashion Market, please been informed that the Parties have reached an agreement on the above, in particular SISMA S.p.A. and TRUMPF GmbH have signed a Sale Purchase Agreement (the SPA) to transfer from the former to the latter, the 45% of the JV TRUMF-SISMA S.r.l., coupled with the transfer of the “ramo d’azienda” referred to the LMF Business; in addition the Parties have signed a Commercial Agreement to regulate the future partnership between them, in order to allow SISMA S.p.A. to serve the Jewellery and Fashion LMF Market in exclusive way.
The closing date is expected before 31st December 2021.
The Top Management of SISMA S.p.A. thanks TRUMPF GmbH for the collaboration that has lasted so far through the Joint Venture TRUMPF-SISMA S.r.l. and look forward to a productive commercial partnership.