BigRep – a German manufacturer of large-format FDM / FFF 3D printers, has signed a non-binding letter of intent with SMG Technology Acceleration SE regarding a merger, which will enable its introduction to the Frankfurt Stock Exchange. This happened just a few weeks after BigRep announced the acquisition of HAGE3D – another manufacturer of 3D printers of this type.
With the acquisition of HAGE3D, BigRep has a team of over 100 employees, five “strategically located” application centers and an installed base of over 1,000 3D printers worldwide. By merging with SMG, BigRep expects to be able to continue its growth path, driven both organically and inorganically.
“We expect that the industrial 3D printing market will continue its dynamic growth in the foreseeable future, driven by strong megatrends such as digitalization and decentralization of production,” commented Dr. Eng. Sven Thate, Managing Director and CEO of BigRep GmbH. “BigRep embraces these transformations by delivering complete industrial additive manufacturing solutions, including hardware, software, high-quality materials and excellent customer service. With our FFF-based solutions, we are ideal for industrial, automotive and aerospace customers looking for a quick return on investment not only for small parts, but also for large, complex functional parts production.”
Dr. Reinhard Festag, Managing Director and CFO of BigRep GmbH, added: “At the same time, we operate in a highly fragmented market that offers significant potential for consolidation. As a rapidly growing global company, we plan to create a European leader in additive manufacturing technology through a buy-and-build approach, expanding our portfolio, market reach and talent. Signing the contract with SMG is another significant step in this journey.”
Source: www.bigrep.com