German 3D Printer Maker Concept Laser Said to Explore a SaleBy , , and
3D printing company said to attract interest from PEs, others
Sale of Concept Laser could fetch over 600 million euros
Concept Laser GmbH, a German 3D printing company, is exploring a sale of the business that could fetch more than 600 million euros ($669 million), according to people with knowledge of the matter.
The owners of closely held Concept Laser are working with advisers on a sale process, which has attracted interest from technology companies and private equity firms, the people said, asking not to be identified because the deliberations are private.
Initial offers have valued the company at between 600 million euros and 900 million euros, one of the people said. No final decisions have been made and the company could decide against a sale, they said. A representative for Lichtenfels, Germany-based Concept Laser declined to comment.
Concept Laser provides technology that prints metal components for the aerospace, automotive, medical and jewelry industries, according to its website. The company, which is run by founder and Chief Executive Officer Frank Herzog, said in a statement this month that sales increased 88 percent in the first half of 2016 from a year earlier.