MRO Magazine

Groupe Gorgé Raises Considerable Funds for Its 3D Printing Subsidiary


June 1, 2015
By Business Wire News

PARIS

PRODWAYS GROUP, a subsidiary of GROUPE GORGÉ, announces that it has raised €25 million, including €10 million from the FIMALAC Group and a €15 million contribution from GROUPE GORGÉ.

The FIMALAC Group, founded and directed by Marc LADREIT de LACHARRIÈRE, wanted to contribute to the development of PRODWAYS GROUP. “We are pleased to support PRODWAYS GROUP in its aim to represent a leading 3D printing player in Europe capable of competing with key American players. In our view, PRODWAYS GROUP and its teams – widely renowned for their expertise – represent a company capable of fast becoming one of the main leaders in the sector”, said Marc LADREIT de LACHARRIÈRE.

This fundraising transaction will speed up the implementation of the strategy to become the third-largest player in the world to offer a range of multi-technological services and all 3D printing services to its customers.

As a leading investor able to support long-term industrial projects, the FIMALAC Group will represent a major partner of PRODWAYS GROUP, alongside GROUPE GORGÉ.

At the end of this transaction, the FIMALAC Group could hold a 4.45% stake in the capital of PRODWAYS GROUP.

The terms of the transaction will be specified during the Groupe Gorgé Shareholders’ Meeting to be held on June 17, 2015. The full text containing all resolutions was published in the BALO (France’s legal gazette) of April 27 and June 1, 2015.

About Groupe Gorgé:

Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise: Smart Safety Systems, Protection in Nuclear Environments, Industrial Projects & Services and 3D Printing

In 2014, the Group reported revenue of €223.3 million. It is backed by 1,370 employees and operations in over ten countries. Groupe Gorgé is listed on NYSE Euronext Paris (ISIN: FR0000062671; Ticker code: GOE) and on the US OTC market (ISIN: US3994511034; OTC Pink: GGRGY / GGRGF) in the form of ADR.

More information available on www.groupe-gorge.com

Groupe Gorgé
Nathalie Lagos, Tel : +33 1 44 77 94 77
Communications Manager
contact@groupe-gorge.com