Nexa3D Signs Letter of Intent to Acquire Essentium

Nexa3D has signed a letter of intent to acquire Essentium, a manufacturer of high-speed extrusion (HSE) 3D printers and materials, which are well suited for high-requirement, precision applications in aerospace, military and defense. With this acquisition, Nexa3D plans to add HSE to its product portfolio.

Nexa3D has rapidly grown in the industrial 3D printing space, working to deliver groundbreaking production solutions for businesses across various sectors. Best known for its ultrafast 3D printers — ranging from desktop to the factory floor — its technology has created new possibilities for 3D printing production, enabling productivity, accuracy and material flexibility. Adopted by more than 1,200 customers worldwide, its printers have become the go-to solution for many high-throughput, production applications. 

Essentium — known for its broad materials portfolio; award-winning, high-speed extrusion 3D printers; and true independent dual extruders (IDEX) — has carved a niche in the industry by providing solutions for complex polymer production applications that are 5 to 15 times faster than competing extrusion technologies, the company says. The company’s commitment to innovation and reliability has also made it a choice for many manufacturers and government users worldwide.

This marks the beginning of a collaboration that the company hopes to transform the 3D printing landscape. The combination of Nexa3D’s expertise in ultrafast 3D printing with Essentium’s mastery of high-speed extrusion technology could result in a powerhouse of production technologies, ultimately benefiting industries ranging from aerospace and defense to medical device and consumer goods.

“We are looking forward to welcoming the Essentium team to Nexa3D’s growing family,” says Avi Reichental, Nexa3D co-founder, chairman and CEO. “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. Together, we will drive ultrafast additive manufacturing innovation and provide even more powerful solutions for manufacturers seeking to achieve their production goals.”

Nexa3D’s acquisition of Essentium is aiming to open new possibilities in additive manufacturing (AM). The melding of Nexa3D’s ultrafast 3D printing capabilities and broad market reach with over 120 worldwide resellers with Essentium's HSE technology can provide industrial customers with tools to scale AM and create previously unattainable production opportunities.

“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,” says Blake Teipel, Essentium CEO. “Our alignment will enable us to offer game-changing 3D printing solutions for our clients. When we considered potential combination partners from around the industry, we were blown away by the growth, technology and delivery velocity underpinning Nexa3D. We feel we are joining a team of fast movers, similar in mindset to our own, and we look forward to enabling greater adoption of industrial AM together for years into the future.”

Following customary shareholder and regulatory approvals and governmental filings, the acquisition is expected to close by the end of this calendar year or as soon as practicable afterward. Both Nexa3D and Essentium say they are committed to ensuring a smooth transition and maintaining uninterrupted service to existing and prospective customers.

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• Earlier this year, Nexa3D acquired Addifab. The maker of polymer 3D printers and the creator of technology for injection-molding-ready printed tooling are fully joined after announcing a collaboration last year.
   
• Learn more about HSE in this article about the German National Railway certifying Essentium HSE printing platform and materials. Essentium’s additive manufacturing solutions will enable Deutsche Bahn to increase its fleet availability through easy and fast replacement of parts and tools.