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Shapeways announced its Q2 2021 results, reporting a 26% revenue increase to $8.8 million, up from $7.0 million in Q2 2020. Gross profit rose 39% to $4.3 million, with gross margins improving to 49% thanks to operational enhancements and a focus on high-value products. Shapeways is set to merge with Galileo Acquisition Corp. (NYSE: GLEO), with expected completion by Q3 2021. The company aims to expand its digital manufacturing capabilities across various sectors, enhancing customer adoption and product innovation.
Shapeways, Inc. announces its participation in the Needham Technology & Media Conference on May 19 at 8:45 a.m. EDT, available via a provided link. The Company has finalized a business combination with Galileo Acquisition Corp. (NYSE: GLEO), transitioning to Shapeways Holdings, Inc. and adopting the new ticker SHPW. Shapeways provides digital manufacturing services, empowering over one million customers worldwide to create more than 21 million parts across various technologies and materials. The press release emphasizes Shapeways' innovative manufacturing capabilities and strategic growth.
Shapeways, a leader in digital manufacturing, has announced its merger with Galileo Acquisition Corp (NYSE: GLEO), valuing Shapeways at a $410 million pro forma enterprise value. Post-merger, the entity will operate as Shapeways Holdings, Inc. with a new ticker, SHPW. The transaction aims to leverage Shapeways’ proprietary software and expand its market reach across various industries. The merger is set to close in summer 2021, pending shareholder and regulatory approvals. Shapeways has delivered over 21 million parts globally and aims to tap into the growing digital manufacturing market.
