BASF is expanding its cooperation with Materialise, a supplier of 3D printing technologies. BASF has agreed to invest US$25 million in the Belgian company. The partners are working together in an open business model to continuously improve materials and software for various 3D printing technologies and bring them more rapidly to the market. The companies are focusing on applications in the consumer goods sector and in the automotive and aviation industries. The agreement allows for systematic, wider scale testing and further optimization by BASF of 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. The partners intend to accelerate the development of applications and new materials. “With its 3D printer 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,” he adds.
“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,” says Fried Vancraen, Materialise CEO. “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.”
The BASF portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. Materialise’s open and flexible solutions work in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer goods.
Sources: Press materials received from the company.