Ahead of its interim results next week Xaar has announced a significant strategic development for Xaar 3D Limited, its 3D Printer business. Xaar has entered into an agreement with Stratasys that, if approved by shareholders, will see Xaar’s holding in Xaar 3D reduce from 85% to 55% and the issue of a call option that would on exercise see Stratasys own 100% of Xaar 3D. The statement comments that ‘[the group] is pleased that this transaction will create good value for Xaar shareholders and [that it] unlocks the ability for more significant value in due course.’ The proposed transaction and proposed further investment is a Class 1 transaction and also a related party transaction that is subject to shareholder approval which is expected before the end of the year.
