London and Munich-based private equity firm WHEB Partners has invested €6.6m in Irish 3D printer maker Mcor.
Mcor’s printers use ordinary office paper as their base material rather than the more expensive plastic option.
Brothers Conor and Fintan MacCormack founded Mcor in 2005 and have increased revenues by 800 per cent since 2012.
Their main customers are product design studios, architects, educational institutions, and print shops.
WHEB partner Alexander Domin said, “We very much look forward to working together with Mcor to help them capitalise on their impressive growth potential.
“The 3D printing market has experienced tremendous growth recently and Mcor is well positioned to take advantage of this trend thanks to its truly unique technology.
“Mcor’s 3D printers allow objects to be printed in high resolution colour while using environmentally friendly materials that cost five per cent to 20 per cent that of other technologies’ models.
“This potentially saves Mcor’s customers hundreds of thousands of dollars over several years of ownership.
“As such, this deal perfectly exemplifies the resource efficiency and growth opportunity themes in which WHEB invests.”
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