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The European insurer, which has nearly 3m customers and was valued at $4.5bn (£3.6bn) less than two years ago, has told shareholders its holding company faces being insolvent by the summer, Sky News learns.
The company provides an Industry 4.0 based fully automatic manufacturing solution that makes the process faster, safer, and, environmentally friendly while both improving quality and reducing cost.
The startup is developing a technology it claims is as fast and energy efficient as 3D printing at a cost that can compete with sand casting.
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FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!