BigRep formally lists on Frankfurt Inventory Trade
BigRep has formally listed on the Frankfurt Inventory Trade after being acquired by particular objective acquisition (SPAC) firm SMG Expertise Acceleration SE.
The 2 organisations signed a non-binding letter of intent to merge and record on the inventory change in November 2023, with BigRep opening the buying and selling day with a bell-ringing ceremony on the Frankfurt Inventory Trade earlier this week. BigRep shares will commerce below the B1GR ticker image.
Having merged with SMG Expertise Acceleration SE to record on the Frankfurt Inventory Trade, 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 stated: “Going public permits us to suppose larger and pursue our buy-and-build technique. We see nice progress 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 learn our shareholders.”
Based on BigRep, itemizing on the Frankfurt Inventory Trade will give the corporate higher visibility and entry to a broad base of worldwide shareholders. BigRep hopes it will help its ‘formidable growth plans’, which embrace ‘innovating with new applied sciences,’ and advancing its current product choices.
Based in 2014, BigRep believes itself to be an business 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, had 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, utility 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 instructional establishments, analysis institutes, and start-ups.
