Klöckner & Co has invested in Berlin based technology startup BigRep via its venture capital subsidiary kloeckner.v. The company develops and produces 3D printers for professional and industrial use. Raue LLP has advised BigRep on the investment by Klöckner.
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. Alongside the financial investment, Klöckner & Co plans to use BigRep’s industrial 3D printers in its European and US site network going forward.
BigRep designs and produces the world’s largest 3D printer and provides consulting for additive manufacturing system solutions. Founded in 2014, the tech startup has since grown to over 60 employees. BigRep is headquartered in Berlin-Kreuzberg with offices in New York and Singapore.
Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service center companies worldwide. Based on its distribution and service network of around 190 locations in 13 countries, the group supplies more than 130,000 customers.
(27 April 2017)