Sinterit receives EUR 1M investment from FIT to further market its low-cost laser sintering 3D printers
German additive manufacturer FIT AG, has invested EUR 1.1 million in Sinterit, the manufacturer of desktop laser sintering systems based in Krakow, Poland. The funding was made by way of a rights issue.
Despite this significant inestment, Sinterit will remain independent from as FIT has not taken a seat on Sinterit’s board.
Sinterit markets its Lisa machines, an affordable desktop laser sintering 3D printer. FIT will help the company to reach new markets for Sinterit Lisa machines.
The Lisa machines, priced about $10,000 can build parts made of PA12 and TPU with a maximum size of 150x200x150 mm.
“From time to time, we support startup companies in our ecosystem, when we are convinced that the product idea and the management team stand a chance of success. We have done so with Wiivv, and we are now delighted to help Sinterit push their wonderful machines into the world market”, said Carl Fruth, CEO of FIT AG.
“We're extremely proud and excited by the fact that FIT AG has decided to become our business partner. Their capital but also knowledge and experience in the field of additive manufacturing will definitely help us to expand to the new markets and create new great products for our customers”,said Paweł Szczurek, CEO of Sinterit.
Founded in 1995, FIT AG is a leading German provider of rapid prototyping services and additive design and manufacturing via its subsidiaries FIT Prototyping GmbH and FIT Production GmbH. Group revenue in 2016 was EUR 24 million, an increase of forty per cent versus prior year. FIT employs today 250 people, most of them at the company’s headquarters in Lupburg, Germany.