Jul 19, 2018 | By Thomas

BASF is expanding its cooperation with Leuven-based Materialise, a provider of additive manufacturing and medical software and of sophisticated 3D printing services, and has agreed to invest US$25 million in the company. Through an open business model the two companies will improve materials and software for various 3D printing technologies in the consumer goods sector and in the automotive and aviation industries. The agreement allows for systematic, wider scale testing and further optimization by BASF of its materials on the machines and within the infrastructure of Materialise, according to the release.

“Our two companies’ business areas complement each other very well and our cooperation will put us in an even better position to find and develop new business opportunities,” says Volker Hammes, Managing Director of BASF 3D Printing Solutions GmbH. The partners intend to accelerate the development of innovative applications and new materials. “With its 3D printing facilities in Leuven and innovative software solutions, Materialise has an outstanding infrastructure. Together, we can exploit our strengths even better to advance the 3D printing sector through the development of new products and technologies together with our partners and our customers,” adds Hammes.

“To increase the adoption of 3D printing as a complementary manufacturing technology for final products, our industrial customers increasingly demand more control, more choice and ultimately lower cost,” says Fried Vancraen, Materialise CEO. “We are confident that this collaboration with a leading manufacturer of materials will help to accelerate the adoption of 3D printing in existing vertical markets and create significant business opportunities in new markets.“

In other news, Materialise (NASDAQ:MTLS) announces a proposed public offering of 3M ADS. The combination of Materialise's software and the expertise of BASF in chemicals could accelerate the development of new applications and create new business opportunities in the 12 trillion dollar global manufacturing market.



Posted in 3D Printer Company



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