BigRep has formally listed on the Frankfurt Inventory Change after being acquired by particular goal acquisition (SPAC) firm SMG Know-how Acceleration SE.
The 2 organisations signed a non-binding letter of intent to merge and record on the inventory trade in November 2023, with BigRep opening the buying and selling day with a bell-ringing ceremony on the Frankfurt Inventory Change earlier this week. BigRep shares will commerce underneath the B1GR ticker image.
Having merged with SMG Know-how Acceleration SE to record on the Frankfurt Inventory Change, the mixed firm has been renamed as BigRep SE, with Dr. Sven Thate and Dr. Reinhard Festag stepping in as CEO and CFO, respectively.
On the bell-ringing ceremony, Thate mentioned: “Going public permits us to assume greater and pursue our buy-and-build technique. We see nice development and synergy alternatives by increasing inorganically. The present market situations will solely improve consolidation strain, giving us an opportunity to make use of our public itemizing to profit our shareholders.”
Based on BigRep, itemizing on the Frankfurt Inventory Change will give the corporate larger visibility and entry to a broad base of worldwide shareholders. BigRep hopes this may help its ‘formidable enlargement plans’, which embody ‘innovating with new applied sciences,’ and advancing its current product choices.
Based in 2014, BigRep believes itself to be an trade chief in large-format FFF 3D printers, with three large-scale machines being launched within the final yr. Two of these machines, the ALTRA 280 and IPSO 105 methods, have been developed by the HAGE3D enterprise BigRep acquired final yr, whereas BigRep led the event of the VIIO 250, which is taken into account to be the corporate’s most automated 3D printer yr. BigRep’s providing additionally consists of verified 3D print supplies, software program, an e-learning platform, software engineering, customer support and coaching. It has attracted the customized of the likes of Ford, Deutsche Bahn, Canyon, and Airbus, in addition to a variety of academic establishments, analysis institutes, and start-ups.
