Nbd.com.cn
To acquire the 3D printing technology, SGSB purchased the German companies KSL, KSE and KSA (K group) for €18.5 million (around $23.8 million) and will provide another €11.62 million (around $15 million) loan to the shareholders for further development of the automatic sewing workstation business including 3D sewing techniques.
Till 31 March 2013, the net assets of K group were RMB47 million (around $7.7 million) and the net profit from January to March 2013 was RMB11 million (around $1.8 million).