BigRep to be sold to De Krassny, Koehler Invest, and Hage Holding as it delists from Frankfurt Stock Exchange
Hardware
Originally reported by TCT Magazine
BigRep's management and supervisory boards have agreed to sell BigRep GmbH shares to De Krassny GmbH, Koehler Invest GmbH, and Hage Holding GmbH, with the parent holding company set to liquidate after the deal closes. The sale will be priced at fair market value based on an independent valuation, subject to customary closing conditions and approval at an extraordinary shareholder meeting. BigRep will delist from the Frankfurt Stock Exchange, where it began trading in 2024 following a SPAC merger with SMG Technology Acceleration SE. No management or personnel changes have been detailed for the business going forward.
BigRep is one of the more recognizable names in large-format material extrusion, serving industrial tooling, jigs and fixtures, and prototyping customers from Berlin. Its 2024 SPAC listing was pitched as fuel for a buy-and-build consolidation strategy, and the company had already acquired large-format printer maker HAGE 3D ahead of that deal. Eighteen months on, a new hardware launch and partnerships with Endless Industries, Massive Dimension, and FH JOANNEUM haven't translated into the scale the SPAC narrative promised, and the company is now being wound down as a public entity rather than expanding through it. It's a familiar arc: a SPAC-era AM hardware name that raised capital on a consolidation story, then unwound when the story didn't convert into growth, joining Desktop Metal, Velo3D, Markforged, and Shapeways as later evidence of the same pattern playing out on a longer timeline.
The practical read: this is a change of ownership and a delisting, not a shutdown, so continuity for large-format FDM/FFF customers and service partners will hinge on what the new owners, particularly Hage Holding given its ties to the HAGE 3D acquisition, decide to keep running. Buyers and integrators with pending BigRep contracts should ask directly about support and warranty continuity once the sale closes rather than assume business as usual.
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