voxeljet AG Reports Financial Results for Q3 2015

The intangible assets acquired in the business combination consist of order backlog (kEUR 48), customer list (kEUR 622) and digital library (kEUR 464).

The order backlog was amortized until December 31, 2014. The customer relations and digital library are amortized over a period of three years.

The excess of the purchase price over the assets acquired and liabilities assumed is reported as goodwill of €1.4 million. The goodwill results from synergies which relate to the expanded competencies obtained by voxeljet in the UK market and the skills of the voxeljet UK workforce.

7. Intangible assets

In the three and nine months ended September 30, 2015, the Company recognized an impairment charge of kEUR 309 on the digital library intangible asset at its voxeljet UK subsidiary due to lower than expected revenue generation.

8. Property, plant and equipment

         
  09/30/2015 12/31/2014
(€ in thousands)
Land, buildings and leasehold improvements 11 080 11 212
Plant and machinery (includes assets under finance lease) 8 110 6 486
Other facilities, factory and office equipment 1 678 1 240
Assets under construction and prepayments made 1 219 528
 
Total 22 087 19 466
 
Leased assets included in Property, Plant and Equipment: 1 867 2 282
Printing machines 1 586 2 246
Other factory equipment 281 36
 

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