News

Shapeways Announces Merger Agreement with Galileo Acquisition Corp.

April 29, 2021Client News

Gunderson Dettmer client Shapeways, Inc., a global digital manufacturing platform provider, announced it has entered into a definitive merger agreement with Galileo Acquisition Corp., a publicly traded special purpose acquisition company (SPAC). The business combination values Shapeways at an implied $410 million enterprise value. The combined company will be named Shapeways Holdings, Inc.

As of September 29, 2021, Shapeways is traded on NYSE under the symbol SHPW. 

In the announcement of the transaction, CEO of Shapeways Greg Kress said, “Our vision to enable anyone to rapidly transform digital designs to physical products is reaching a significant milestone today as we transition Shapeways into a public company. We have been successfully executing on our vision, and this capital will allow us to empower digital manufacturing at scale, accelerating Shapeways’ Additive Manufacturing capabilities while expanding the company’s material and technology offerings to more markets and industries.”

The Gunderson deal team was led by corporate partner Hozefa Botee, IPO/public companies chair Jeff Vetter, M&A partner John Olson, corporate partner Jerome Ku, commercial and technology transactions partner Aaron Rubin, tax partner Jaime Narayan, executive compensation partner Romica Singh, and associates Matthew Smallcomb, Emily Lieberman, Cynthia Douthwaite, Tina Xu, Blessing Havana, Alan Sadler, Sofia Rattes and Russell Smith.

Companies:
Shapeways
Galileo Acquisition Corp.