BASF invests $25m in 3D printing firm, Materialise

The world’s largest chemical producer, BASF, has announced a major investment in the Belgian-headquartered supplier of 3D printing technologies. The US$25m investment builds on an existing relationship between BASF and Materialise, with the two partners already working together to develop, improve and commercialize materials and software related to 3D printing.
Reportedly, the pair are specifically focusing on applications in the consumer goods sector and in the automotive and aerospace industries. According to the official statement, 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”.