BigRep on track for public listing via SPAC
German large-format 3D printer producer BigRep has introduced a non-binding letter of intent (LoI) with SMG Expertise Acceleration, a Luxembourg particular objective acquisition firm (SPAC). This information follows HAGE3D’s acquisition by BigRep.
With this enterprise mixture, BigRep and SMG goal for BigRep’s transition right into a publicly traded entity on the Frankfurt Inventory Change. Dr.‐Ing. Sven Thate, Managing Director and CEO of BigRep says, “We anticipate the AM market to proceed its dynamic progress for the foreseeable future, pushed by the sturdy megatrends equivalent to digitalization and decentralization of producing. BigRep embraces these transformations, offering full industrial AM options comprising dependable {hardware}, productiveness software program, high quality supplies, and excellence in buyer help. With our options primarily based on Fused Filament Fabrication (FFF) being by far probably the most broadly used AM know-how, we’re within the candy spot of commercial, automotive, and aerospace purchasers looking for quick ROIs not just for small elements but in addition for big, complicated useful half manufacturing.”
Navigating progress: BigRep’s imaginative and prescient
BigRep operates as a key participant in large-format, open additive manufacturing options, acknowledged for its contributions to innovation processes and the restructuring of producing strategies, enabling environment friendly transitions from prototyping to manufacturing. This strategic transfer aligns with the rising demand for AM options, influenced by international shifts just like the digitization of producing, a give attention to sustainability, and the necessity to mitigate provide chain dangers. The discernible enlargement of the worldwide AM market, reaching roughly $18 billion in 2022 with constant double-digit progress, emphasizes the trade’s vital momentum, says the corporate.
BigRep anticipates that pushed by market components and the corporate’s dedication to advancing clever open AM options, the envisioned enterprise mixture will propel its progress. This progress is anticipated to consequence from natural enlargement and strategic acquisitions, positioning BigRep as a major participant within the evolving panorama and contributing to establishing a brand new European champion in additive manufacturing, highlighting its European origin.
Dr. Reinhard Festag, Managing Director and CFO of BigRep added, “On the similar time, we function inside a really fragmented market providing vital potential for consolidation. By unifying beneath‐essential gamers with excellent applied sciences, we goal to broaden our complete answer providing and leverage economies of scale‐ to learn our prospects. As a quick rising, international participant, we plan to kind a European chief in AM know-how by way of a purchase and construct method, increasing our portfolio, market attain, and skills working at BigRep. The signing with SMG marks a major subsequent step on this journey.”
BigRep’s developments in additive manufacturing know-how
Italian protection contractor Leonardo partnered with UK’s SFM Expertise and BigRep to 3D print key elements for the Royal Navy‘s AW101 helicopters. SFM’s AeroAdditive division used BigRep’s Professional 3D printer and Hello-Temp CF materials to create a novel fundamental rotor blade restraint cradle. This light-weight and sturdy answer outperforms conventional counterparts, present process in depth stress testing. The cradles, made with high-strength Hello-Temp materials, exhibit potent resistance to exterior stress and put on, marking a major development in helicopter part manufacturing.
On the Formnext 2022, BigRep unveiled its digital platform, BigRep CONNECT, providing a unified area for customers to seamlessly join and monitor its large-format 3D printers. Leveraging BigRep’s free CONNECT platform, customers can entry print info effortlessly, enhancing analytics, productiveness, and organizational comfort. BigRep CONNECT supplies actual time monitoring, print job administration, and detailed analytics, complementing the corporate’s broader ecosystem, together with BigRep FLOW.
Learn all of the 3D Printing Trade protection from Formnext 2023.
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Featured picture reveals BigRep PRO 3D printer. Picture by way of BigRep.
