Additive Manufacturing Expansion of 3D printing business: Groupe Gorgé acquires German company Creabis
France — High-tech industrial group Groupe Gorgé, through its subsidiary Prodways Group, acquired 100 percent of Creabis, a German company specialising in 3D printing services for plastic parts.
With the acquisition of Creabis, Groupe Gorgé accelerates its international development strategy with the return of the external growth dynamic. This step is to allow the group to expand its Products division while penetrating a new growing market in Europe. The complementary activities of the two companies are also expected to unlock significant potential synergies and improve the profitability of this activity. The increased size of the new entity, one of the largest in Europe, is to allow access to better purchasing conditions, particularly for 3D materials not produced by the group. The group wants to strengthen its position on the German market, Europe's main industrial engine and a fertile ground for 3D printing services thanks to its highly developed network of industrial SMEs. Besides, the company is already present in Germany through its Materials business, which has grown strongly since its acquisition in 2014.
Founded in 2011 by Ralf Deuke, a pioneer and expert in 3D printing manufacturing, Creabis offers various 3D printing technologies focused on the serial production of plastic parts. The company is based in Munich and has an experienced team of around 20 people.
Creabis operates a fleet of eleven printers from various manufacturers (including Prodways) with technologies relying on laser sintering, stereolithography, polyjet, multi-jet fusion and fused filament. Thanks to its highly diversified customer base in Germany and its network of leading industrial partners, the company achieved a turnover of around three million euros in 2020. Almost 50 percent of its activity consist of serial production with recurring customers. With these strengths, Creabis benefits from a good profitability profile.
This acquisition is to support Groupe Gorgé's activity of 3D printed parts, developed through its Initial brand, on several levels: firstly, by increasing the size of the available fleet of printers, which now amounts to around fifty machines, an increase of almost 30 percent. The additional printers will also complement the group’s current offering with new technologies, printer types and materials to provide its customers with a wide range of 3D printing solutions.