SLM Solutions Group AG: Expansion of the international sales and service network
Lübeck, March 20, 2018 – SLM Solutions Group AG (“company” or “SLM Solutions”), a leading supplier of metal-based additive manufacturing technology, has expanded its international sales and service network. Since the beginning of March, SLM Solutions has had its own subsidiary in France, SLM Solutions (France) SAS, and a subsidiary in Italy, SLM Solutions (Italy) SRL.
Dr. Axel Schulz, CSO and responsible for sales, among other tasks, made the following statement: “For us, being as close as possible to our customers is very important. Our aim is to enter into long-term business relationships and cooperations with our customers. In our experience, having our own locations with our own personnel is indispensable. Our success in Asia in recent years is evidence of this.” SLM has been represented through its own companies in Singapore since 2014, in China since 2015 and in India since 2017.
In 2017, the company signed major framework agreements with customers based in Asia, which allows revenues to be planned for the coming two to three years. Uwe Bögershausen, CFO, adds: “We anticipate revenue of almost EUR 40 million in 2018 alone, just from the framework agreements signed in 2017. We intend to strengthen the long-term trust of our customers in SLM Solutions through our companies in France and Italy with the aim to conclude more framework agreements, also in Europe.”
In the context of successfully placing a convertible bond in an overall volume of EUR 58.5 million in October 2017, the company had already announced its intention of using part of the funds received to expand its sales and service network. SLM Solutions plans to further expand its existing capacities and develop new locations in Asia and North America
ABOUT THE COMPANY:
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology. The company’s shares are traded in the Prime Standard of the Frankfurt Stock Exchange. The stock has been listed in the TecDAX index since March 21, 2016. SLM Solutions focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 370 members of staff in Germany, Austria, France, Italy, the USA, Singapore, Russia, India and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.