Joint venture for powder business
Lübeck, February 2, 2016 –SLM Solutions Group AG ("SLM"), which is based in Lübeck, Germany (ISIN: DE000A111338, WKN: A11133), has today concluded an agreement in principle with PKM Future Holding GmbH, Niedernberg, ("PKM") on a joint venture to enter the powder business.
The strategic further development of the business with consumables for metal-based additive manufacturing plants through a cooperation venture with a metal powder manufacturer, as was already announced at the time of SLM's IPO in 2014, forms the background to this joint venture. For the purposes of collaborating in the development, further development, production and distribution of aluminium alloys, SLM and PKM intend to form a joint venture company with limited liability and EUR 25,000.00 of share capital. Of this share capital, SLM intends to contribute EUR 12,750.00 (51 %) and PKM will contribute EUR 12,250.00 (49 %).
The Management Board of SLM assumes that the measures necessary to implement the term sheet concluded today will be completed in the coming weeks.
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About the company
SLM Solutions Group AG, headquartered in Luebeck, Germany, is a leading provider of metal-based additive manufacturing technology (also commonly referred to as "3D printing"). The company's shares are traded on the Prime Standard of the Frankfurt Stock Exchange. SLM Solutions focuses on the development, assembly and sales of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 280 members of staff in Germany, the USA, Singapore, Russia and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries. SLM Solutions stands for technologically advanced, innovative and highly efficient integrated system solutions.