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NEW YORK (Reuters) - 3D-printing technology provider Shapeways Inc is nearing a deal to go public through a merger with blank-check acquisition firm Galileo Acquisition Corp at a valuation of $410 million, including debt, according to people familiar with the matter.
Shapeways would be the latest 3D printing company to agree to a deal to go public through a merger with a special purpose acquisition company (SPAC), following the likes of Desktop Metal Inc, Markforged and Velo3D.
The global 3D printing market is seen growing to $34.8 billion by 2024 from $9.9 billion in 2018, according to a 2019 report by MarketsandMarkets.
Shapeways helps engineers turn digital designs into physical products. The company says it produced more than 20 million parts for over 1 million customers worldwide, mostly through polymers.
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