Jun 3, 2014

London and Munich-based private equity firm WHEB Partners has invested €6.6m in Mcor Technologies, an Ireland-based provider of environmentally friendly 3D printers.

While most 3D printing technologies are used to build models from plastic, chemically infused powder, or metal, Mcor 3D printers use ordinary office paper as the build material.

Mr MacCormack and his brother, Fintan MacCormack founded Mcor in 2005 and have increased revenues by 800% since 2012. Its use of paper considerably lowers the total cost of 3D printer ownership and delivers more realistic and accurate CMYK full-colour results. 'Used' paper can be utilised and the 3D printed objects are themselves fully recyclable because of the use of water-based adhesives in the build process. Mcor's main customers are product design studios, architects, educational institutions, and print shops.

Mcor said it will use the funding to bolster its sales team, invest in R&D and develop new products.

WHEB partner Alexander Domin said, "We very much look forward to working together with Mcor to help them capitalise on their impressive growth potential.

"The 3D printing market has experienced tremendous growth recently and Mcor is well positioned to take advantage of this trend thanks to its truly unique technology.

"Mcor's 3D printers allow objects to be printed in high resolution colour while using environmentally friendly materials that cost five per cent to 20 per cent that of other technologies' models.

"This potentially saves Mcor's customers hundreds of thousands of dollars over several years of ownership.

"As such, this deal perfectly exemplifies the resource efficiency and growth opportunity themes in which WHEB invests."

 

Posted in 3D Printer Company

 

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