Amaero Engineering to raise $8 million and list

Additive manufacturing company Amaero International (ASX: 3DA) is seeking $8 million from investors to list on the Australian stock exchange and expand its operations.

PAC Partners and Jane Morgan Management are roadshowing the Monash University spin-out, previously known as Amaero Engineering, to investors this week along with executives Barrie Finnin and Stuart Douglas.

The company will have an indicative market capitalisation of $34.9 million at maximum subscription, and will used the funds raised to buy equipment, undertake R&D and for working capital.

Amaero specialises in the manufacturing of large format complex components in metal using laser-based additive manufacturing processes.

According to the share offer: “Amaero provides its clients with bespoke solutions, assisting them to manufacture new designs and complex geometries, use new materials with improved balanced properties to achieve higher fuel efficiency and performance and design new processes to reduce component manufacturing waste.”

The company’s clients include Boeing, Raytheon and Thales Group.

Amaero boasts relationships with Monash University and Monash Centre for Additive Manufacturing (MCAM) and has global rights to commercialise two patented and proprietary alloys developed by the university.

It is also developing additive manufacturing capabilities in South Australia in an alliance with the University of Adelaide.

Amero operates from three additive manufacturing facilities in Melbourne, Adelaide and in Los Angeles, California where the company distributes AmPro 3D printers and other equipment in the North American market.

The company has manufactured using additive processes the world’s first 3D printed jet engine (main picture) and a rocket engine (below).

Amaero rocket engine test

Pictures: Jane Morgan Management/Amaero

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