By Nathan Allen

BASF SE (BAS.XE) said Thursday that it will invest $25 million in Belgian 3D printing company Materialise, less than a month after buying two other companies in the sector.

Materialise will work with BASF as a research-and-development partner to help bring materials and software for 3D printing to market more quickly, BASF said.

The German chemical company recently acquired Setup Performance SAS and Advanc3D Materials GmbH, which manufacture materials used in 3D printing, for an undisclosed sum.

"3D printing is a transformational technology that holds the potential to revolutionize entire industries," BASF said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 19, 2018 02:32 ET (06:32 GMT)

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