AMS Spring 2023

3D Printing Group Prodways Receives €10 Million Cash Infusion from FIMALAC Group

Inkbit

Share this Article

Prodways is an important player in the European 3D printing market that produces the ProMaker series of printers. Prodways was acquired by Group Gorgé in 2013 to add to their portfolio of companies providing safe solutions for high risk environments. We covered their development of MOVINGLight technology as well as the opening of Prodways US in Minneapolis in March 2015.

Screen Shot 2015-06-01 at 10.22.30 AMGroup Gorgé is not the only concern to see the potential of Prodways. Today, they announced a €10 million contribution from FIMALAC Group (nearly $11 million USD given current exchange Prodways_Logorates). Marc Ladreit de Lacharriere, founder of the FIMALAC Group expressed the strength of his belief in the potential:

“We are pleased to support Prodways Group in its aim to represent a leading 3D printing player in Europe capable of competing with key American players. In our view, Prodways Group and its teams – widely renowned for their expertise – represent a company capable of fast becoming one of the main leaders in the sector.”

FIMALAC Group is a french holdings company which has traditionally focused their investments within the risk management and credit rating markets.  In fact they own 50% of the Fitch Group, the third largest ratings company on the planet.  This infusion of funds will go to supporting Prodways’ transition to its newly acquired stature as the third-largest player in the world that offers a range of multi-technological services and 3D printing services of all types to its customers. This sizable investment puts FIMALAC in a position as a major partner to hold a 4.45% stake in the capital of Prodways.

pr

 

Prodways produces for a range of industries and bio-medical applications ranging from jewelry to dental. A spokesperson for the company described its role in the market as follows:

“Prodways helps you find new routes to successful innovation and production processes by delivering the most effective 3D printers on the market. We concentrate on building robust partnerships to maintain the technological edge that keeps you ahead in your market. Based on the strong experience and industrial culture of Group Gorgé, Prodways proposes industrial solutions to industrial needs. Our highly qualified and experienced team is constantly focused on developing and improving rapid manufacturing through technological advancements.”

A further €15 million has been contributed by Groupe Gorgé. On June 17th, the complete terms of the transaction will be specified during the Group Gorgé Shareholders’ Meeting.  Let’s hear your thoughts on this deal in the Prodways / FIMALAC Investment forum thread on 3DPB.com.

 

Share this Article


Recent News

Management Drama Continues at Electronics 3D Printing Company Nano Dimension

Rail Giant Alstom Turns to Nexa3D’s NXE 400Pro to 3D Print Replacement Footrests



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing News Unpeeled: Dior, Botter and Rains 3D Print Shoes at Paris Fashion Week

Danish brand Rains has made a 3D printed TPU shoe together with Zellerfeld. Zellerfeld is a shoe 3D Printing service. Meanwhile Dior made a powder bed fusion cellular shoe out...

Sponsored

Digitalization and Additive Manufacturing: Leveraging the Real and Digital Worlds

Additive Manufacturing, or industrial 3D printing, has evolved from prototyping with basic materials and equipment to producing low tolerance components with limited use to additive manufacturing as we know it...

US Navy Installs Meltio Hybrid Metal 3D Printer to Reduce Repair Times

In 2022, the USS Essex became the first American Navy warship to install a metal 3D printer to ensure onboard repair capabilities of much-needed tools and parts. Now, the USS...

America Makes Announces the Winners for its 2022 Project Calls

America Makes, a U.S. National Additive Manufacturing Innovation Institute, recently announced the winners of the 2022 Rapid Innovation Call (RIC) and the Steel (HY-80) Wire-Arc Additive Heat Treatment (SWAAHT) project...