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BASF (DE) invests USD 25 million in 3D printing company Materialise

German corporation BASF enters into an alliance with Materialise, the Leuven 3D printing company. The chemical firm bought USD 25 million in new Materialise shares, accounting for 3 percent of its capital.

BASF invests USD 25 million in 3D printing company Materialise

A match made in heaven

For Materialise, the strategic cooperation with BASF is a milestone. “BASF wants to develop many more plastics that are 3D printable,” says Fried Vancraen, the CEO and founder of Materialise. “We want to discover new application possibilities in new sectors. BASF has the materials expertise, Materialise has the software knowledge. Through our collaboration, we hope to make the 3D printing market much bigger.”

New applications

This year, Materialise is presenting new products resulting from the collaboration with BASF. For example, the plastics can be used to print parts for aircraft interiors or to develop a new generation of glasses frames. Currently, Materialise technology is mainly used in the medical world (for implants, prostheses and surgical fittings) and industry (especially prototypes and small batches in the automotive sector).

New shares

Materialise will also offer USD 25 to 50 million in new shares on Nasdaq, the New York stock exchange where it raised USD 100 million through its IPO in 2014. It hopes to attract fresh capital totaling between USD 50 and 75 million.

More info

BASFMaterialise
Reported by
De Tijd newspaper
24 July 2018

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