Forty staff members, thirty of whom are scientists. A large circle of shareholders, venture capitalists from the United States, Germany, the Netherlands and Belgium. A track record of almost ten years. A move to the heart of an innovative region, Flanders. It’s clear that Luxexcel has all the right ingredients for expansion.
That’s why the company expects to grow rapidly with the extra funding from its shareholders and is working towards an initial public offering. Luxexcel expects to be break even as early as 2019, thanks to rapid growth in turnover. According to the company’s management, this is possible because the 3D-printing machines have significant market potential and there are currently no competitors.