Forward AM Technologies GmbH has filed for insolvency as a proactive measure to restructure the business, CEO Martin Back says.
Reports of the company’s financial struggles emerged earlier this week, with the company now confirming in a press release that it commenced insolvency proceedings with the District Court of Heidelberg on November 21, 2024.
The Forward AM brand and company was initially set up by BASF, before being spun out into an independent entity earlier this year. Upon transitioning from BASF to an independent company, Back told the Additive Insight podcast that Forward AM took with it the Sculpteo service offering, 400 patents, and more than 60 commercialised materials products. The company also…
