BASF is expanding its cooperation with Materialise, a leading supplier of 3D printing technologies. At the same time, BASF has agreed to invest US$25 million in the Belgian company, which is headquartered in Leuven.
The two partners are working together within the framework of an open business model to continuously improve materials and software for various 3D printing technologies and bring them more rapidly to the market. The companies are focusing on applications in the consumer goods sector and in the automotive and aviation industries.
The agreement allows for systematic, wider scale testing and further optimization by BASF of its materials on the machines and within the infrastructure of Materialise. The partners intend to accelerate the development of innovative applications and new materials.