BASF Forward AM Buys BASF AM Business

Forward AM’s leadership and BASF announce the strategic acquisition of BASF’s additive manufacturing business by the Forward AM leadership, led by CEO Martin Back. The acquisition includes Forward AM’s materials and solutions as well as its Sculpteo service business and leads to the creation of Forward AM Technologies, also known as Forward AM.

Supported by BASF, this strategic acquisition aims to enhance customer support and improve market responsiveness, the new company notes. All solutions and services will continue to be provided to the company’s customer base across the globe.

“I would like to express my gratitude to BASF for all their support during the MBO (Management-Buy-Out) process. By working together, we could ensure that our team of experts and the innovative tools currently in place can continue to provide leading AM solutions to the manufacturing industry in times of volatility. The team at Forward AM is truly passionate about shaping the future of manufacturing and all the exciting opportunities to build and grow within this innovative AM community. I’m looking forward to this empowering journey ahead,” says Martin Back, CEO at Forward AM.

Recent strong performance along with a consistent 30% annual growth rate over the past 2 years showcases the market’s trust in Forward AM’s materials and AM technologies. This growth stands at more than double the industry average and highlights the effectiveness of the strategic direction which Forward AM takes to drive continued expansion and innovative products.

Rooted in BASF’s 160-year heritage of excellence, the newly formed company will retain control over intellectual property and with its supply chain, the company expects to meet future demands and fulfill all contractual obligations without disruption.

During the transaction, BASF provided strong support to enable the formation of an independent company.

“It is a very exciting time to be part of the AM industry. Building on excellence in materials, services, and solutions, we’re going to continue to drive innovation through our work and collaborative efforts with our partners,” says Back. “We know the manufacturing sector faces growing volatility and uncertainty, creating a demand for more resilient and sustainable materials and agile solutions. Forward AM is here to deliver on that demand head on. This new venture emphasizes our continued commitment and dedication to providing expedient and robust AM solutions, focusing on the success of our customers and partners.”

Sources: Press materials received from the company and additional information gleaned from the company’s website.