We have had a lot of news come out of the United States regarding 3D printing companies filing for initial public offerings, but probably the second most exciting market for 3D printing is in Germany. Germany is home to VoxelJet, a company that is able to 3d print large objects, at competitive prices, and it happens to be listed on the US exchanges.
This morning SLM Solutions announced that they will be floating shares on the Frankfurt stock exchange. The company is seeking to raise 75 million euros, (Approximately $103 million) to expand their growing selective laser sintering machine business. SLM Solutions reported profits of 2.5 million euros last year, on revenue of 21.6 million euros. The exact price at which their shares will debut on the Frankfurt exchange has not been announced, and will likely take place within the next month. Credit Suisse and Deutsche Bank have been hired by the company for this floatation.
“We believe the market for metal-based 3D printing is at an inflection point, with the technology being ready for industrial serial production,” Chief Executive Markus Rechlin said in SLM’S “intention to float” statement, which was published on Monday.
SLM Solutions, located in Lübeck, Germany, has clients worldwide whom are mainly within the automotive, aerospace, education, health, and research industries. The company is formally known as MTT Technologies GmbH, prior to a name change in 2010. This is certainly an exciting time within the additive manufacturing industry, as more and more companies raise money to expand their innovative abilities, as well as potential to grow. Discuss this story about SLM Solutions in the 3DPrintBoard forum thread.
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