Materialise, one of the leading supplier of 3D printing technologies announced in an official release that BASF, one of the largest producers and marketers of chemicals has agreed to invest $25 million in Materialise to optimise materials and software for various 3D printing technologies. The two companies are working together on open business model to not just optimise the materials, but also bring them more rapidly to the market.
Both the companies are focusing on applications in different sectors ranging from consumer goods, automotive and aviation. As a part of the agreement, BASF will also test and optimise materials on a wider scale on the machines within the infrastructure offered by Materialise.
Speaking about how the two companies complement each other, Volker Hammes, Managing Director of BASF 3D Printing Solutions GmbH said, “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.”
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“The partners intend to accelerate the development of innovative applications and new materials. With its 3D printing facilities in Leuven and innovative software solutions, Materialise has an outstanding infrastructure. Together, we can exploit our strengths even better to advance the 3D printing sector through the development of new products and technologies together with our partners and our customers,” Hammes added.
Offering details of how the collaboration between the companies can help to accelerate the adoption of 3D printing as well as create different business opportunities, Fried Vancraen said, “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,” concluded Vancraen.
This investment of BASF in Materialise shows the company’s continued commitment to boost its 3D printing material options. For example, BASF recently acquired to manufacturers of 3D printing materials to expand its offerings in the 3D printing market.
Also Read: BASF Acquires Two 3D Printing Material Manufacturers for Expanding its Market Presence
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