CALIFORNIA: Nexa3D, a leader in ultrafast 3D printing, has announced its intention to buy Essentium, a maker of high-speed extrusion 3D printers and materials for aerospace, military, and defense applications.
The deal, which is subject to certain conditions, would add high-speed extrusion (HSE) technology to Nexa3D’s product range.
Nexa3D and Essentium aim to create a powerful combination of 3D printing technologies that would benefit various industries, from aerospace and defense to medical devices and consumer goods. The partnership would also provide industrial customers with the tools to scale additive manufacturing and create new production opportunities.
Avi Reichental, Co-founder, Chairman, and CEO of Nexa3D, said: “This acquisition will be a testament to our unwavering commitment to pushing the boundaries of 3D printing technology. By joining forces with Essentium, we aim to create synergies that will deliver unmatched value to our customers.”
Blake Teipel, CEO of Essentium, said: “We believe that our joint expertise will disrupt the industrial 3D printing market in a profound way. Nexa3D and Essentium share a vision of empowering manufacturers to create what was once considered impossible.”
The acquisition is expected to close by the end of this year or as soon as possible afterwards. Both companies are committed to ensuring a smooth transition and maintaining uninterrupted service to existing and prospective customers.
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