3D printing software company Materialise and chemicals specialist BASF have formed a strategic alliance to promote a more open market model in the additive manufacturing (AM) market.
Materialise plans to identify applications that can benefit from 3D printing and develop them with BASF using the latter’s 3D printing facilities, in order to launch or certify new materials in markets such as aerospace, automotive and wearables.
BASF has agreed to invest US$25 million in Materialise through a private placement of new shares and Materialise has also made a public offering of up to $50 million in new shares.
This story is reprinted from material from Materialise, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
