PERI Group acquires stake in COBOD International A/S

---

Press release set

---

Strategic Partnership with Danish technology leader in 3D concrete printing, Weissenhorn/Copenhagen

The PERI Group, one of the world's leading companies in the field of formwork and scaffolding for the construction industry, acquires a stake in the Danish 3D concrete printing specialist COBOD International A/S based in Copenhagen.

COBOD International A/S is a newly established sister company of the Danish 3D Printhuset A/S, where 3D Printhuset has bundled its 3D printing solutions for the construction industry. Developments in the field of concrete printing began in 2015. In 2017, the technological breakthrough was achieved: In Copenhagen the so-called "BOD" ("Building on Demand") was printed with a 3D concrete printer from COBOD. This office building is the first 3D printed building in Europe.

Today, COBOD is one of the world's leading companies with a wide range of 3D printers for residential construction. In the first EU-wide tender procedure for 3D printers for housing construction, COBOD was ahead of the field with its "BOD2" model. Several international tenders are currently underway for concrete printing projects in Europe, Asia, in particular the Middle East and North and South America.

"As the market and technology leader in the field of formwork and scaffolding, we at PERI are closely following the development of 3D concrete printing in the construction industry. COBOD is a leading company in this business. The currently available BOD2 3D printer from COBOD shows that the technology is now ready for the market. With the BOD building in Copenhagen there is a first successful reference project", says Leonhard Braig, member of the Group Management of the PERI Group. "We are convinced that 3D printing will become considerably more important in the coming years in certain segments of our industry, especially in residential construction. Together with COBOD, we now want to help this technology to a breakthrough on a broad basis.”

"We are pleased and proud of PERI's investment in our company. The fact that PERI is committed to COBOD impressively underlines the potential of 3D concrete printing in the construction industry", says Henrik Lund-Nielsen, CEO of COBOD. "The investment brings together two technologically leading companies in each of their fields. We look forward to the completely new opportunities that the partnership with PERI opens up to us and our customers around the world.”