Nexa3D’s acquisition of Essentium offers potential for industrial-scale production and innovation in the additive manufacturing space. The move is aimed at broadening Nexa3D’s product offering, material development capabilities and customer base with the goal of diversifying revenues.
Nexa3D offers ultrafast 3D printers which span from desktop to factory floor sizes. Essentium’s materials portfolio, high-speed extrusion (HSE) 3D printers and true independent dual extruders (IDEX) have established the company in the industry by providing solutions for complex polymer production applications.
READ MORE: Advancing Sustainability in 3D Printing
“This acquisition is more than a strategic move; it’s a testament to our shared vision to drive innovation and deliver solutions that redefine the production capabilities of 3D printing,” said Avi Reichental, co-founder, chairman and CEO of Nexa3D
“Essentium and Nexa3D share a vision of empowering manufacturers to create what was once considered impossible,” said Blake Teipel, co-founder and CEO of Essentium, who has also been appointed as chief strategy officer at Nexa3D. “Our combination enables us to offer game-changing 3D printing solutions for our defense, health and industrial customers. We are blown away by the growth, technology, and delivery velocity underpinning Nexa3D, and excited to be the force multiplier that takes our combined enterprise to its true potential.”
WATCH: The Growth of 3D Printing for Sporting Goods
The combination will give industrial customers the tools needed to scale production and explore manufacturing opportunities at scale. Nexa3D’s extensive market reach, with more than 130 worldwide resellers, combined with Essentium’s HSE technology, positions the merged entity as a “transformative force” in the industrial 3D printing landscape, according to a press release issued by the companies.
Nexa3D and Essentium report they are committed to ensuring a seamless transition and maintaining uninterrupted service to existing and prospective customers.
