Nikon to Purchase Elliott-Backed German 3D Printing Firm SLM (1)

Nikon Corp. agreed to buy SLM Solutions Group AG in a deal that values the German 3-D printing-machine maker and perennial takeover target at about 600 million euros ($597 million).

The Japanese technology company is offering 20 euros for each share of SLM, representing a premium of about 84% over the three-month average share price, according to a statement that confirmed an earlier report by Bloomberg News. SLM surged as much as much as 74% in Frankfurt trading.

Nikon, best known for its cameras, has secured 61.1% of SLM Solutions’ shares via a planned capital increase as well as commitments ...