BigRep Faces Sale, Delisting from Frankfurt Stock Exchange
BigRep GmbH is set to be sold to a consortium of buyers, with its holding company liquidating and shares delisting from the Frankfurt Stock Exchange.
BigRep GmbH is undergoing a significant corporate change, with its shares slated for sale to De Krassny GmbH, Koehler Invest GmbH, and Hage Holding GmbH. Concurrently, the company's holding entity has filed for liquidation, and BigRep GmbH will be delisted from the Frankfurt Stock Exchange.
This strategic decision was approved by BigRep's management and supervisory boards. An extraordinary general meeting of shareholders will convene to formalize the sale of the business and the subsequent liquidation of the holding company. The sale is expected to occur at fair market value, determined by an independent valuation of BigRep GmbH, and is contingent upon standard closing conditions.
Following the realization of all company assets and liabilities, any remaining proceeds will be distributed to shareholders according to legal frameworks. BigRep initially listed on the Frankfurt Stock Exchange in 2024 through a merger with special purpose acquisition company SMG Technology Acceleration SE, aiming to facilitate a buy-and-build strategy in a consolidating market.
Despite recent hardware launches and strategic partnerships, the company's buy-and-build strategy has yielded limited visible results. If the sale proceeds as planned, BigRep will continue operations under new management, though details regarding the future management structure have not yet been disclosed.
This development signifies a consolidation trend within the additive manufacturing sector. While BigRep's acquisition strategy, including its prior purchase of HAGE 3D, aimed for growth, the sale suggests challenges in executing this plan. The continuation of operations under new ownership indicates ongoing market interest in BigRep's technology, potentially for niche applications or integration into larger portfolios.
Edited by the news editor with AI from the original report — please refer to the original source.