Porsche Automobil Invests in 3-D Printing Startups
02 November 2017 - 10:28PM
Dow Jones News
By Marc Navarro Gonzalez
Porsche Automobil Holding SE (PAH3.XE) has made two minority
investments in 3-D printing companies, in a move that the luxury
car maker said complements its investment strategy.
Volkswagen AG (VOW.XE) subsidiary Porsche on Thursday said it
acquired single-digit stakes in two startups: U.S.-based Markforged
Inc. and an unnamed early-stage company. In euros, the combined
investment amounts to a sum in the single-digit millions, Porsche
said.
Markforged specializes in industrial 3-D printing and launched
its first 3-D metal printer this year.
The German company said that startups are an important source of
innovation and that 3-D printing has the potential to change
different segments of the automotive value chain.
"In order to advance and capitalize on such innovations we have
to invest in technologies at an early stage," said Philipp von
Hagen, a member of Porsche's executive board.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
November 02, 2017 07:13 ET (11:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Porsche Automobile (PK) (USOTC:POAHY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Porsche Automobile (PK) (USOTC:POAHY)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Porsche Automobile Holding SE (PK) (OTCMarkets): 0 recent articles
More Porsche Automobile Holding Se (PC) News Articles