Brewing will acquire 3D Group, which will see the 3D printing company listed on the ASX.
reports that managing director of 3D Group Frank Pertile describes the deal as
a “reverse takeover”.
Oz Brewing will issue more than 1.4 billion shares, with 750 million options.
The brewer’s directors
would retire and be replaced by those selected by 3D Group.
“From an Australian perspective there’s been
a dearth of tech investment opportunities for Australian investors for quite
some time,” Pertile told AAP of the listing.
3D Group recently agreed to a joint venture with Kibaran Resources to develop additive manufacturing involving graphite and graphene.
Oz Brewing’s main business is brewing and
distributing beer in a joint venture with Ironbarl Brewing in WA. If regulatory
and shareholder approval are gained, its business will turn to 3D printing machines
ZDnet notes that 3D Group displayed its fused
filament fabrication 3D printer, with 2 metre cubed build volume, at the recent
Inside 3D Printing Conference and Expo in Melbourne.