Home > Reverse takeover would see 3D printing company list on ASX

Reverse takeover would see 3D printing company list on ASX

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Oz Brewing will acquire 3D Group, which will see the 3D printing company listed on the ASX.

AAP reports that managing director of 3D Group Frank Pertile describes the deal as a "reverse takeover". Oz Brewing will issue more than 1.4 billion shares, with 750 million options.

The brewer’s directors would retire and be replaced by those selected by 3D Group.

"From an Australian perspective there's been a dearth of tech investment opportunities for Australian investors for quite some time," Pertile told AAP of the listing.

3D Group recently agreed to a joint venture with Kibaran Resources to develop additive manufacturing involving graphite and graphene.

Oz Brewing’s main business is brewing and distributing beer in a joint venture with Ironbarl Brewing in WA. If regulatory and shareholder approval are gained, its business will turn to 3D printing machines and services.

ZDnet notes that 3D Group displayed its fused filament fabrication 3D printer, with 2 metre cubed build volume, at the recent Inside 3D Printing Conference and Expo in Melbourne.

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