BASF & Materialise have entered in a new form of collaboration. The chemical company which got used to acquire companies has invested US$25 million in the provider of 3D printing solutions.
Both partners aim to develop a new business model around materials and software for a wide range of AM technologies. Applications in the consumer goods sector and in the automotive and aerospace areas constitute the main focus of this partnership.
According to the agreement, BASF will further optimize its materials on the machines and within the infrastructure of Materialise.
“Our two companies’ business areas complement each other very well and our cooperation will put us in an even better position to find and develop new business opportunities,” says Volker Hammes, Managing Director of BASF 3D Printing Solutions GmbH.
Fried Vancraen, Materialise CEO explains the reason that drives this collaboration: “To increase the adoption of 3D printing as a complementary manufacturing technology for final products, our industrial customers increasingly demand more control, more choice and ultimately lower cost. We are confident that this collaboration with a leading manufacturer of materials will help to accelerate the adoption of 3D printing in existing vertical markets and create significant business opportunities in new markets.”
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