WHEB Partners, the London and Munich based private equity fund manager, has invested EUR6.6m of growth capital in Mcor Technologies.
Mcor provides full-colour and eco-friendly 3D printers. The company is based in Dunleer, Ireland.
“We are experiencing strong demand internationally for our products and this investment from WHEB will allow us to deliver on our exciting sales pipeline and, together with WHEB, build Mcor into a global 3D printing company,” says Dr Conor MacCormack, CEO and co-founder of Mcor. “We now have all the ingredients necessary to create a world beating 3D printing technology company, with new and innovative products on the horizon.”
MacCormack and his brother, Fintan, founded Mcor in 2005 and have increased revenues by 800 per cent since 2012. The main customers are product design studios, architects, educational institutions, and print shops.
“We very much look forward to working together with Mcor to help them capitalise on their impressive growth potential,” says Dr Alexander Domin, the partner at WHEB who led the transaction. “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.”
