BASF Forward AM’s leadership, led by CEO Martin Back, has acquired BASF’s Additive Manufacturing (AM) business and formed Forward AM Technologies. The acquisition includes the Sculpteo service business, which was acquired in 2019 and the new company formed will now operate as Forward AM Technologies.
The newly formed company ambitions to “enhance innovation, speed-to-market and customer-centric solutions” and will have a strong focus on cross-industry partnerships.
“I would like to express my gratitude to BASF for all their support during the MBO (Management-Buy-Out) process. By working together, we could ensure that our team of experts and the innovative tools currently in place can continue to provide leading AM solutions to the manufacturing industry in times of volatility. The team at Forward AM is truly passionate about shaping the future of manufacturing and all the exciting opportunities to build and grow within this innovative AM community. I’m looking forward to this empowering journey ahead,” said Martin Back, CEO at Forward AM.
“It is a very exciting time to be part of the AM industry. Building on excellence in materials, services, and solutions, we’re going to continue to drive innovation through our work and collaborative efforts with our partners,” Back continued. “We know the manufacturing sector faces growing volatility and uncertainty, creating a demand for more resilient and sustainable materials and agile solutions. Forward AM is here to deliver on that demand head on. This new venture emphasises our continued commitment and dedication to providing expedient and robust AM solutions, focusing on the success of our customers and partners. Together, we are proving that AM technologies are integral to the future of manufacturing. Together, we will keep moving forward.”
The company ensures that this strategic buyout decision has many benefits and will reinforce its commitment to innovation and ability to meet industry demands.
Known as one of the key 3D printing polymer material suppliers of the industry since it debuted in AM in 2017, BASF’s AM business has evolved in so many ways both at the corporate and technical levels. From BASF 3D Printing Solutions to Forward AM and now Forward AM Technologies, the numerous partnerships it signed with the likes of Materialise, HP or even recently Stratasys have strengthened the company’s reputation in the industry and will probably make future partners and customers believe in this new chapter it begins.
It’s both a challenging and exciting time given the complexity of the material segment and we can’t wait to see how Forward AM Technologies will navigate through this era.
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