Monash University-bred Amaero International Ltd has closed the book on its oversubscribed $8.0M IPO, joining the ranks of ASX industrial tech companies changing the way the world works.

The Melbourne-based company was established in 2013 as the commercial arm of Monash University’s Centre for Additive Manufacturing (MCAM) and has since built a global reputation as a leading service provider specialising in the metals additive manufacturing sector.  

Amaero specialises in metal additive manufacturing for the defence, aerospace and automotive sectors and already boasts an impressive customer base including Raytheon, Boeing and a commercial airline operator.  

In October 2019, the company secured licensing rights to two new super materials (patents pending); a high-strength Titanium alloy and a new Aluminium-Scandium alloy, as well as an exclusive US Distribution Agreement for the world’s fastest laser-based power bed 3D printer.

The use of metal 3D printing is increasing in the aerospace, industrial and automotive sectors with major manufacturers competing to adopt additive manufacturing technology. 
 
Amaero’s CEO, Barrie Finnin, commented: “Amaero’s new presence in North America enables it to exploit its capabilities with direct line of sight to its defence and aerospace customers and onshoring tooling manufacturing.”
 
Amaero was guided and mentored through South Australian Innovyz Institute’s Advance Materials and Manufacturing Program and has been led through the IPO process by Lead Manager PAC Partners. The Innovyz and PAC teams have already achieved success in 2017 when they listed market darling and one of the top IPOs of that year, Titomic Limited (ASX:TTT).

Funds from the IPO will be used to execute Amaero’s growth strategies, including focusing on immediate revenue opportunities with low barriers to entry, targeting key US contracts through the company’s established US base and expanding its offering through the commercialisation of metal alloys.

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