April 27, 2017 - Klöckner & Co., Duisburg, Germany, has invested in technology startup BigRep through its venture capital subsidiary kloeckner.v. Klöckner’s upfront investment—before the conclusion of an ongoing international round of financing for BigRep GmbH—marks its entry into the future market of additive manufacturing.
BigRep designs and produces the largest 3D printer and provides consulting for additive manufacturing system solutions. Alongside the financial investment, Klöckner plans to use BigRep’s industrial 3D printers in its extensive European and U.S. site network going forward.
“The systematic emphases of our strategy are digitalizing the supply and value chain as well as boosting higher value-added products and services,” says Chairman Gisbert Rühl. Financial backing for BigRep “paves the way to our participation in a highly promising growth market.”
“We expect digitalization to radically alter traditional value chains,” says BigRep CEO René Gurka. “Together with Klöckner as our strategic partner, we aim to exploit this trend as we move forward.”