Transaction
Körber, the international technology group, has invested in the course of the current series B financing into the Berlin-based technology start-up company BigRep.
Pava Partners acted as the exclusive advisor to the Körber Group on the transaction.
At Körber, all signs point towards growth. The strategic investments of the group are focused on future technologies and markets. Michael Horn, Member of the Group Executive Board of Körber AG, emphasized that Körber’s investment in BigRep would further intensify their potential for additive production and its use for further customer applications within their business areas.
For BigRep, the manufacturer of the world’s largest 3-D printers in the market and supplier of additive manufacturing systems, Körber as a new shareholder is an important strategic step. René Gurka, CEO of BigRep, stressed that BigRep with Körber as a shareholder could further invest in its product development, the expansion of its global footprint and its sales force. Furthermore, Körber is a very experienced technology company that supports the company not only financially, but especially in the field of engineering.
Client
About Körber
The Körber Group is an international technology group with some 11,500 employees worldwide. The Group unites leading technology companies with more than 130 production, service, and sales companies. At locations around the globe, Körber combines the advantages of a global presence with the strengths of a highly specialized and flexible medium-sized company to offer its customers solutions, products, and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco and Corporate Ventures. The Körber Group generated € 2.2 billion in sales in the 2016 financial year.
Target
About BigRep
BigRep is a technology start-up with headquarters in Berlin and offices in New York and Singapore, with more than 70 employees. One of the pioneering developments of the company, founded in 2014, is the BigRep ONE. The smaller BigRep STUDIO complements the world’s largest, in series available, 3-D printer. In addition to new products, the company now focuses on providing complete solutions for industrial customers in the form of integrated additive manufacturing systems. The ambition of the highly innovative engineering company: Design, prototyping, and industrial manufacturing worldwide.
