Formlabs acquisition of Micronics

The cheapest turnkey desktop SLS 3D printer on the market was canceled when Formlabs acquired its maker, Micronics, on July 11, 2024.^[1] The Micron printer had raised $1,357,939 from 431 backers on Kickstarter at a starting price of $2,999;^[2][3] Formlabs' cheapest SLS printer, the Fuse 1+ 30W, starts at $24,999.^[4] Backers received full refunds & a $1,000 credit toward Formlabs printers, a discount of roughly 4% on the cheapest available SLS system.^[2][4]

Selective laser sintering uses a laser to fuse polymer powder into solid parts layer by layer. Unlike FDM or resin printing, SLS requires no support structures because unfused powder surrounds each part during the build. This allows complex geometries & dense part nesting across the full build volume.^[5] SLS parts are printed in engineering thermoplastics like Nylon PA12, producing components that are isotropic, chemically resistant, & mechanically strong enough for end-use applications.^[6]

These advantages come at a cost. Desktop SLS machines have historically required high-wattage CO2 or fiber lasers, multi-zone thermal management systems, & enclosed powder handling with HEPA filtration to mitigate inhalation hazards. Before 2024, the cheapest fully assembled desktop SLS printer was the Sinterit Lisa at roughly $13,990.^[7] Formlabs' Fuse 1+ 30W starter package costs $24,999.^[4]

Micronics was founded in 2021 by Henry Chan & Luke Boppart, both 2023 graduates of the University of Wisconsin-Madison.^[8][9] The two-person startup developed the Micron, a desktop SLS printer with a 160 x 160 x 205 mm build volume, a 5-watt 447 nm CW diode laser, & support for PA12 nylon & TPU-90A at launch.^[10] The machine weighed 19 kg & ran on standard household power, fitting on a desktop rather than requiring a dedicated workshop.^[10]

By using a cheap blue diode laser instead of an expensive CO2 unit, Micronics cut the starting price to $2,999 with a planned retail price of $4,499.^[10][3] The Kickstarter campaign launched on June 13, 2024 with a $100,000 goal.^[3] It raised $1,357,939 from 431 backers before being canceled.^[2][11] A Kickstarter bundle including the printer, a removable build chamber, & a post-processing kit was available for $3,699 with an estimated delivery date of June 2025.^[5]

Formlabs CEO Max Lobovsky acknowledged the price gap between the two companies' products: "With the Fuse 1, we made a 5x leap in starting price for SLS systems. Micronics is trying to do another 5x beyond that."^[9]

On July 11, 2024, Formlabs announced it had acquired Micronics.^[1] The deal came together rapidly. Lobovsky met Chan & Boppart for the first time at Open Sauce 2024.^[1][9] Lobovsky stated: "After meeting the Micronics co-founders at Open Sauce 2024, we discovered our shared vision for accessible, powerful 3D printing."^[1]

The acquisition price was not disclosed. Both founders joined Formlabs. Chan took a role leading the SLS team; Boppart joined the software team.^[2][11]

The Micron was immediately & permanently canceled. Micronics' FAQ page stated: "Will you continue to build Micronics? No. Instead of focusing on Micronics the company and Micron the product, we will be joining Formlabs to bring the next generation of accessible SLS printers to market."^[12] Formlabs at the time claimed its Fuse 1 Series accounted for more than half of all powder bed fusion printers sold worldwide.^[1]

The Kickstarter campaign was canceled before its scheduled end date, so backers received automatic full refunds.^[13] Formlabs initially promised backers a $1,000 credit toward "any current or future printer" & a free Open Materials License for Formlabs machines.^[2][12]

By late 2024, backers reported the terms had shifted. The Formlabs blog was edited to offer a discounted legacy Fuse 1 at $9,999 to Micronics backers while stock lasted, with the $1,000 credit applicable to that purchase.^[14] The blog later added a note stating the "credit period has now ended," closing the redemption window entirely.^[15] A Formlabs forum thread documented complaints from backers who reported that the promised credit had not been delivered months after submission and that one backer was denied a $5,000 discount on a Fuse 1 purchase for unspecified reasons.^[14]

Formlabs framed the acquisition as an "acqui-hire" that would accelerate development of affordable SLS technology. Henry Chan stated: "We are thrilled to join forces with Formlabs, a company we have long admired. After the outpouring of excitement around our Kickstarter, we're confident that this move will enable us to bring the best SLS 3D printing experience to users around the world."^[1] David Lakatos, Formlabs' Chief Product Officer, said: "What makes us so excited about Henry and Luke is that they embody the very people we make our products for."^[11]

Chan explained that scaling a hardware startup with two people was difficult, citing frustration with spending time on packaging & marketing instead of engineering.^[8]

The math does not work in backers' favor. Those who pledged for a $2,999-$3,699 printer received a $1,000 credit toward machines starting at $24,999. Even with the temporarily discounted Fuse 1 offer at $9,999, the out-of-pocket cost was still roughly 3x the Micron's Kickstarter price. For the current Fuse 1+ 30W starter package, the $1,000 credit covers about 4% of the purchase price.^[4][14]

Formlabs' Open Material Mode, which allows its printers to use third-party powder instead of proprietary materials, is a one-time per-printer license starting at $1,999 for the Form 3 & rising to $2,499 or more for newer models.^[16] On Hacker News, commenters noted the license alone costs "basically the same price as Micronics printer."^[17]

As of April 2026, no manufacturer has released a sub-$5,000 turnkey SLS printer. The cheapest fully assembled commercial SLS options remain the Sinterit Lisa series (starting around $13,990) & the Formlabs Fuse 1+ 30W ($24,999).^[7][4] The open-source SLS4All Inova MK1 is available as a DIY parts kit for roughly $3,990, but requires extensive user assembly & electrical wiring.^[18]

Formlabs has not released any new SLS hardware since the acquisition. The company's 2025 year in review & Spring 2025 product announcements focused on resin printing materials & curing equipment; no Micronics-derived SLS product was mentioned.^[19]

The 3D printing community's reaction was overwhelmingly negative. Tom's Hardware summarized: "You could say that Micronic's Kickstarter project is a smashing success, at least for the two young engineers who dreamed of building a next-generation 3D printer out of their college apartment. Their Kickstarter backers have a different opinion."^[8]

On Hacker News, users described the acquisition as having "killed a potential competitor in the cradle for cheap" & criticized Formlabs' material lock-in, noting the printers are "locked to 1st party materials by default."^[17] Across online forums, backers accused Formlabs of buying Micronics to remove competition rather than integrate the technology, lamenting that "we won't have a hobby level SLS printer in the near future."^[17]

VoxelMatters drew an explicit competitive parallel: "This sure does look like Formlabs crushing a small competitor, in a way that is very similar to the way Microsoft rose to market dominance."^[20]

Joris Peels of 3DPrint.com was more skeptical of the Micron itself, describing the $2,999 price point as "improbably low" & questioning whether a two-person team could scale a powder bed fusion system to production. He praised the team's engineering, particularly the removable build chambers & depowdering solution, but suggested the acquisition may have prevented a "Kickstarter fracas" if the product could not be delivered at the promised price.^[13]

The Formlabs-Micronics acquisition fits the pattern described in antitrust economics as a "killer acquisition," where an incumbent firm acquires a startup to discontinue its product & prevent competitive disruption.^[21] The term was formalized by Cunningham, Ederer, & Ma in a 2021 Journal of Political Economy study of pharmaceutical drug acquisitions. They found that 5.3% to 7.4% of acquisitions in their sample were killer acquisitions, & that these deals disproportionately occurred just below the thresholds for antitrust scrutiny.^[21]

The Formlabs-Micronics deal shares key characteristics with this pattern. The incumbent (Formlabs, claiming over 50% of worldwide powder bed fusion sales)^[1] acquired a direct competitor (Micronics) whose product overlapped with the incumbent's product line but at a fraction of the price. The acquired product was immediately discontinued.^[12] No replacement product at a comparable price point has been released as of April 2026.^[19]

The 2024 Hart-Scott-Rodino Act threshold for mandatory pre-merger FTC review was $119.5 million.^[22] A startup that raised $1.3 million on Kickstarter fell well below that line.^[2] No FTC or DOJ filing related to the acquisition has been publicly reported.^[21]

The 3D printing industry has faced antitrust scrutiny before. In 2001, the U.S. Department of Justice sued to block the merger of 3D Systems & DTM, arguing it would reduce the rapid prototyping market from three competitors to two. The merger was allowed only after the companies agreed to license their rapid prototyping patent portfolios to a competitor.^[23]