Deals
Porsche SE Buys Minority Stakes in 3D-Printing Manufacturers
- Investment in two companies totals less than 10 million euros
- Holding company to step up venture-capital project spending
Porsche Automobil Holding SE acquired minority stakes in two 3D-printing companies.
Photographer: Chris Ratcliffe/Bloomberg
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Porsche Automobil Holding SE, the investment vehicle whose main asset is a majority holding in Volkswagen AG, acquired minority stakes in two 3D-printing companies as part of a long-standing effort to broaden its investment portfolio.
The combined price for stakes of less than 10 percent each in Watertown, Massachusetts-based Markforged Inc. and an unidentified peer amounts to “a single-digit million-euro figure,”Porsche said Thursday in a statement. The German company plans to spend a double-digit million-euro sum on venture holdings annually going forward.