Klöckner invests in BigRep

BigRep ONE 3D printer. Image: BigRep website - www.bigrep.com

Klöckner & Co has invested in technology startup BigRep via its venture capital subsidiary kloeckner.v. Klöckner & Co’s upfront investment before the conclusion of the ongoing international Series B financing round for BigRep GmbH marks its entry into the future market of additive manufacturing. BigRep designs and produces the world’s largest 3D printer and provides consulting for additive manufacturing system solutions. Alongside the financial investment, Klöckner & Co plans to use BigRep’s industrial 3D printers in its extensive European and US site network going forward. This market segment has a promising outlook, with an annual growth rate of around 20 percent expected by 2020.