Nexa3D so as to add extrusion 3D printing to portfolio with acquisition of Essentium

Nexa3D so as to add extrusion 3D printing to portfolio with acquisition of Essentium


Nexa3D has signed a letter of intent (LOI) to accumulate of the essenceincluding an extrusion 3D printing know-how to its present VAT photopolymerisation and powder mattress fusion processes.

The deal could possibly be accomplished earlier than the top of the 12 months, however is topic to customary shareholder and regulatory approvals and governmental filings.

Defined: Why Nexa3D is buying Essentium

Essentium has made a reputation for itself within the polymer extrusion 3D printing market, initially within the growth and provide of supplies, and later with the addition of its Excessive Velocity Extrusion (HSE) sequence of 3D printing programs. As the corporate expanded into 3D printing {hardware}, it first launched its HSE 180 platform and subsequently launched the HSE 280i HT and HSE 240 HT with twin extrusion capabilities, all of the whereas introducing new grades of filament, equivalent to PEKK and PPS-CF.

This growth of 3D printers and supplies has seen the HSE know-how adopted within the defence, drone and orthosis & prosthesis markets, with the corporate hanging up good relations with the US Air Pressure.

Concurrently, Nexa3D has grown from a small start-up bringing its SLA-based NXE 400 3D printer to market to an organization vying to develop into a frontrunner in polymer 3D printing. That has not solely seen the corporate develop its SLA providing with, for instance, the XiP Sequence of 3D printers, but additionally department out into powder mattress fusion applied sciences with the acquisitions of NXT Manufacturing facility and XYZ Printing’s SLS enterprise.

By agreeing to accumulate Essentium, the corporate now additionally strikes into the Fused Filament Fabrication market, with the businesses noting their complementary portfolios, in addition to the chance for know-how synergies. Nexa3D feels it could possibly profit from Essentium’s deep supplies experience, whereas Essentium sees earlier than it a possibility to benefit from Nexa’s 120-strong reseller community, and its strengths in {hardware} and software program. Since Nexa3D is but to penetrate the defence trade or work with the US Division of Defence, Essentium plugs a niche there too.

“We’re trying ahead to welcoming the Essentium crew to Nexa3D’s rising household,” commented Avi Reichental, Co-founder, Chairman, and CEO of Nexa3D. “This acquisition will likely be a testomony to our unwavering dedication to pushing the boundaries of 3D printing know-how. By becoming a member of forces with Essentium, we intention to create synergies that may ship unmatched worth to our prospects. Collectively, we are going to drive ultrafast additive manufacturing innovation and supply much more highly effective options for producers searching for to realize their manufacturing targets.”

Blake Teipel, CEO of Essentium, added: “We imagine that our joint experience will disrupt the economic 3D printing market in a profound approach. Nexa3D and Essentium share a imaginative and prescient of empowering producers to create what was as soon as thought-about inconceivable. Our alignment will allow us to supply game-changing 3D printing options for our purchasers. Once we thought-about potential mixture companions from across the trade, we had been blown away by the expansion, know-how, and supply velocity underpinning Nexa3D. We really feel we’re becoming a member of a crew of fast-movers, related in mindset to our personal, and we sit up for enabling better adoption of business AM collectively for years into the long run.”

The businesses say they’re dedicated to making sure a easy transition and sustaining uninterrupted service to present and potential prospects as they full what could be Nexa’s fourth main acquisition. The corporate kicked its inorganic progress off with the takeover of NXT Manufacturing facility in August 2020, earlier than buying each AddiFab and the SLS enterprise of NXT Manufacturing facility earlier this 12 months. It has supplemented the combination of those corporations with the continued growth of its resin 3D printing portfolio, bringing the XiP desktop printer to market in 2022, launching the XiP Professional at RAPID + TCT in 2023, and introducing a dental 3D printing system too.

Along with Essentium’s developments inside its polymer portfolio, the corporate has additionally introduced its intentions to develop into metallic 3D printing previously (with work nonetheless ongoing), and launched its EPOD 3D printing service earlier this 12 months, three months after TCT broke the information.

Learn extra:

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *