Home 3D Printing BigRep set to grow to be newest 3D printing firm to go public through SPAC merger

BigRep set to grow to be newest 3D printing firm to go public through SPAC merger

BigRep set to grow to be newest 3D printing firm to go public through SPAC merger


BigRep has signed a non-binding letter of intent with particular objective acquisition (SPAC) firm SMG Know-how Acceleration SE to mix their companies and listing publicly on the Frankfurt Inventory Alternate. 

It comes simply weeks after BigRep introduced the acquisition of HAGE3D, a fellow producer of extrusion 3D printing techniques. That deal ensured BigRep has a staff of over 100 workers, 5 ‘strategically situated’ utility centres and an put in base of greater than 1,000 fused filament fabrication 3D printers. 

Because it takes its subsequent step with SMG Know-how Acceleration SE, BigRep expects to have the ability to ‘proceed its development path, pushed each organically and inorganically.’ 

Learn extraTaking Inventory: The rise of Particular Goal Acquisition Corporations in AM

“We count on the AM market to proceed its dynamic development for the foreseeable future, pushed by the robust megatrends reminiscent of digitalisation and decentralisation of producing,” commented Dr.‐Ing. Sven Thate, Managing Director and CEO of BigRep GmbH. “BigRep embraces these transformations, offering full industrial AM options comprising of dependable {hardware}, productiveness software program, high quality supplies, and excellence in buyer assist. With our options primarily based on Fused Filament Fabrication (FFF) being by far essentially the most broadly used AM know-how, we’re within the candy spot of commercial, automotive, and aerospace purchasers searching for quick ROIs not just for small elements but additionally for big, advanced purposeful half manufacturing.” 

Dr. Reinhard Festag, Managing Director and CFO of BigRep GmbH, added: “On the identical time, we function inside a really fragmented market providing vital potential for consolidation. By unifying below‐vital gamers with excellent applied sciences, we purpose to broaden our complete resolution providing and leverage economies of scale‐ to profit our clients. As a quick rising, international participant, we plan to type a European chief in AM know-how through a purchase and construct method, increasing our portfolio, market attain, and abilities working at BigRep. The signing with SMG marks a major subsequent step on this journey.” 

BigRep turns into the newest 3D printing firm to pursue a public itemizing through a SPAC merger, after Desktop Metallic, Markforged, Velo3D, Shapeways and Fathom. Quick Radius additionally went public by means of a SPAC deal earlier than submitting for Chapter 11 Chapter this time final 12 months, whereas Essentium started proceedings in late 2021 earlier than seeing the deal fall by means of in early 2022



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