AddUp to Acquire Majority Stake in Poly-Shape
The acquisition of the design and production services company will help AddUp expand its offerings, especially for the automotive industry.
AddUp, a joint venture between Fives and Michelin and manufacturer of 3D metallic printing machines and systems, has announced a project to acquire a majority stake in the French company Poly‐Shape.
Created in 2007 by Stéphane Abed, Poly‐Shape offers design services and the production of parts via the metal 3D printing process. Since its inception, Poly-Shape has developed an expertise in metal additive manufacturing in fields such as tooling, aeronautics, the medical and energy sectors, and more specifically the motor sports sector, working with a large number of Formula 1 teams. Poly‐Shape has a global service offer for the 3D printing of parts which integrates design assistance and the optimization of parts as well as finishing operations. The company has a large number of machines in four facilities: Salon‐de‐ Provence, Saint‐Pierre‐du‐Perray and Le Coudray‐Montceaux in France as well as a facility in Carpi, Italy, also integrating postprocessing equipment. This project of Poly‐Shape’s majority stake acquisition will enable AddUp to expand its portfolio of applications and to strengthen its automobile market offer.
“The proven know‐how in the production of parts, in particular in the motor sports field will help us improve our support to OEMs (Original Equipment Manufacturers), and demonstrate the benefits and capacities of 3D printing, especially for top‐of‐the‐range vehicles” says Vincent Ferreiro, AddUp’s CEO.
Thanks to Poly‐Shape, AddUp will also be able to reinforce its support offer in assessing the opportunities offered by 3D printing (AddUpThink and AddUpStart services offer) with new production capacities of POC (Proof of Concept) parts including postprocessing and additional finishing. Poly‐Shape’s acquisition will enable AddUp to offer its customers access to a multi‐supplier, multitechnology, multi‐material and multi‐application test platform in order to better define the best technological trade‐off regarding the production of their parts. Poly‐Shape’s contribution will enable AddUp to accelerate the development of its machine and service offer by benefiting from the expertise Poly‐Shape’s teams have developed through 11 years of experience in the production of 3D-printed metal parts as well as receiving immediate feedback as it uses AddUp machines.
“AddUp and Poly‐Shape share the same vision regarding the evolution of the world of 3D printing and the same passion for innovation. Poly‐Shape will benefit from AddUp’s proven expertise in the industrialization and management of machines as well as a reinforced access to the world of motor sports thanks to Michelin’s worldwide reputation. AddUp will bring additional resources to Poly‐Shape so that it can continue its development both in France and abroad. AddUp’s entry into Poly‐Shape’s capital is a recognition of the expertise and work carried out by the teams during these last few years,” says Stéphane Abed, chairman of Poly‐Shape.
“I have been happy to accompany Poly‐Shape’s wonderful teams since 2007 and to have participated in the evolution of a company with a recognized know‐how,” says Philippe Veran, chairman of Upperside and a founding shareholder of Poly‐Shape. “AddUp’s investment into the capital represents a true opportunity for Poly‐Shape and its employees to continue its development and growth.”
The majority stake acquisition of Poly‐Shape follows AddUp's acquisition of BeAM at the beginning of June 2018. The exact terms and conditions of the transaction have not been disclosed.
Related Content
Beehive Industries Is Going Big on Small-Scale Engines Made Through Additive Manufacturing
Backed by decades of experience in both aviation and additive, the company is now laser-focused on a single goal: developing, proving and scaling production of engines providing 5,000 lbs of thrust or less.
Read MoreWhat Is Neighborhood 91?
With its first building completely occupied, the N91 campus is on its way to becoming an end-to-end ecosystem for production additive manufacturing. Updates from the Pittsburgh initiative.
Read MoreAt General Atomics, Do Unmanned Aerial Systems Reveal the Future of Aircraft Manufacturing?
The maker of the Predator and SkyGuardian remote aircraft can implement additive manufacturing more rapidly and widely than the makers of other types of planes. The role of 3D printing in current and future UAS components hints at how far AM can go to save cost and time in aircraft production and design.
Read More3D Printed Titanium Replaces Aluminum for Unmanned Aircraft Wing Splice: The Cool Parts Show #72
Rapid Plasma Deposition produces the near-net-shape preform for a newly designed wing splice for remotely piloted aircraft from General Atomics. The Cool Parts Show visits Norsk Titanium, where this part is made.
Read MoreRead Next
3MF File Format for Additive Manufacturing: More Than Geometry
The file format offers a less data-intensive way of recording part geometry, as well as details about build preparation, material, process and more.
Read MoreCarnegie Mellon Helps Industry, Students Prepare for a Manufacturing Future with AM and AI
Work underway at the university’s Next Manufacturing Center and Manufacturing Futures Institute is helping industrial additive manufacturers achieve success today, while applying artificial intelligence, surrogate modeling and more to solve the problems of the future.
Read MorePostprocessing Steps and Costs for Metal 3D Printing
When your metal part is done 3D printing, you just pull it out of the machine and start using it, right? Not exactly.
Read More