BigRep SE enters the Frankfurt Stock Exchange
The initial share price was EUR 11,20
BigRep – the German manufacturer of large-format FDM/FFF 3D printers, celebrated today a successful stock market debut on the regulated market of the Frankfurt Stock Exchange. The debut was possible thanks to SPEC merger of BigRep GmbH and SMG Technology Acceleration SE. The initial share price was EUR 11,20.
BigRep was established in 2014, specializing from the beginning in the production of large-format 3D printers, which had an unprecedented build of about 1 x 1 x 1 meter. Although the 3D printers were derived directly from the amateur project RepRap (as the company name suggests), they quickly began to be adapted for industrial production.
Today, customers include blue-chip companies such as Ford, Deutsche Bahn, Canyon and Airbus, as well as "hidden champions" such as Zoeller and Magirus, but also educational institutions, research institutes and innovative start-ups.
With our holistic approach, we at BigRep offer far more than just an industrial 3D printer. Thanks to our four-pillar business model based on hardware, software, materials, and services we have been able to rapidly expand our business in recent years. Together with our first acquisition HAGE3D, more than 1,000 large-format AM systems have now been installed at a wide range of customers from various sectors, particularly the automotive, aerospace and manufacturing industries. Our revenue development has also been correspondingly positive, with an average annual growth rate of around 22% between 2021 and 2023. Now we want to continue our success story and our buy-and-build strategy at BigRep as a listed company,
reflects Dr.-Ing. Sven Thate, CEO of BigRep.
In addition to its organic growth plans, BigRep is focused on expansion through acquisitions in a highly fragmented market with clear investment criteria in terms of region, technology, and profitable growth path. This approach enables BigRep to efficiently incorporate synergetic companies and technologies into its own range of services and integrate them into the global structures for sales and marketing, as well as service and supply chain.
The most recent example of the buy-and-build strategy is the acquisition of the Austrian company HAGE3D GmbH, which has a strong local presence in Germany and Austria and a complementary product portfolio for large-format FFF systems in the medium and high-temperature range.
Source: www.bigrep.com