Key Takeaways
- Revenue surge: BigRep posted ~45 % YoY revenue growth for FY 2023‑24.
- Privatization: The company exited the Frankfurt Stock Exchange (ticker B1GR) and was sold to existing investors for €1.05 M plus a €7.6 M shareholder loan.
- New leadership: CEO Thomas Janics‑Jakomini and a refreshed board will focus on product development rather than short‑term market speculation.
- Ownership: Family‑run firms Koehler Invest, DeKrassny, and Hage Holding now hold the majority stake.
- Product launch: The BigRep ALTRA670 large‑format FFF printer entered production, offering a 670 × 670 × 670 mm build envelope and a price point of ≈ €250 k.
1. Financial Snapshot
1.1 Revenue Growth
BigRep reported €112 M in revenue for the 2023‑24 fiscal year, up from €77 M the year before – a 45 % increase driven primarily by higher sales of its industrial‑grade FFF systems and expanded service contracts.
1.2 Profitability & Cash Flow
Despite the top‑line lift, the company posted an operating loss of €9.3 M (‑8.3 % of revenue) and a net cash burn of €6.5 M. The loss prompted a board‑level restructuring and the eventual decision to delist.
1.3 Transaction Details
- Sale price of operating subsidiary: €1.05 M (cash)
- Shareholder loan transferred: €7.6 M (to be amortised over 5 years at 3 % interest)
- Result: BigRep re‑enters private ownership, shedding the costs of public‑company compliance.
2. From SPAC to Private Equity
In Q4 2023 BigRep signed a SPAC agreement with SMG Technology Acceleration SE, culminating in a Frankfurt listing under B1GR in April 2024. The IPO prospectus projected a “rapid market acceleration” in additive manufacturing, a forecast that proved overly optimistic as global AM capacity grew only 12 % YoY in 2024 (IDC).
After a year of under‑performance and a failed re‑organisation attempt, the supervisory board voted in June 2026 to sell the operating business to its existing investors, effectively liquidating the holding company and removing the ticker from the exchange.
“Returning to private ownership allows us to refocus our resources on product development and growth,” said CEO Thomas Janics‑Jakomini in a post‑delisting press release.
3. New Ownership Structure
The simplified shareholder base now consists of three long‑term partners:
| Shareholder | Ownership % (approx.) | Business Focus |
|---|---|---|
| Koehler Invest GmbH | 38 % | Industrial tooling & automation |
| DeKrassny GmbH | 34 % | Precision engineering |
| Hage Holding GmbH | 28 % | Family‑owned manufacturing conglomerate |
All three are family‑run entities with a combined €4.2 B in annual turnover, providing BigRep with a stable capital backbone and strategic synergies in supply‑chain management.
4. Product Update – BigRep ALTRA670
The ALTRA670 is the first printer launched under the new private‑ownership era. Key specifications:
| Spec | Detail |
|---|---|
| Build volume | 670 × 670 × 670 mm (≈ 0.30 m³) |
| Nozzle diameter | 0.4 mm (standard) – up to 1.2 mm optional |
| Print speed | Up to 300 mm/s (linear) |
| Material palette | > 20 engineering thermoplastics (PA12, PEEK, PC‑ABS, etc.) |
| Extruder count | Dual‑extruder with independent temperature control |
| Machine footprint | 2.2 m × 2.2 m × 2.5 m |
| Price (list) | €250 k (incl. software & 2‑yr service) |
| Availability | Q1 2027 (pre‑orders open Sep 2026) |
The ALTRA670 targets aerospace, automotive, and tooling markets that require near‑net‑shape parts up to 300 kg.
5. ALTRA670 vs. BigRep ONE (Legacy Model)
| Feature | BigRep ONE (2018) | BigRep ALTRA670 (2027) |
|---|---|---|
| Build volume | 1000 × 1000 × 1000 mm | 670 × 670 × 670 mm |
| Max printable weight | 500 kg | 300 kg |
| Nozzle options | 0.4 mm only | 0.4 mm – 1.2 mm |
| Print speed | 150 mm/s | 300 mm/s |
| Material compatibility |
