Nexa3D Completes Acquisition of Essentium, Incorporating High-Speed Extrusion 3D Printers into Product Portfolio
In November last year, Nexa3D, a global leader in ultra-fast 3D printing with over 130 dealers, announced its acquisition of industrial 3D printer manufacturer Essentium.
Following the merger, the integration of Essentium's High-Speed Extrusion (HSE) technology seems to have empowered them with significant innovative and transformative capabilities in the realm of industrial 3D printing.
On January 13, 2024, Xpiens reported that Nexa3D has successfully completed the acquisition of Essentium. Known for its extensive material portfolio, award-winning high-speed extrusion 3D printers, and truly independent dual extruders (IDEX), Essentium has established its extrusion technology prowess in the industry by offering solutions that are up to 15 times faster for complex polymer production applications.
Avi Reichental, Co-Founder, Chairman, and CEO of Nexa3D, expressed, "We are incredibly honored and excited to welcome the talented Essentium team to Nexa3D. This acquisition is more than a strategic move; it embodies our shared vision to drive innovation and deliver solutions that redefine industrial 3D printing."
Blake Teipel, Co-Founder and CEO of Essentium, also shared, "We are thrilled to collaborate with Nexa3D. Essentium and Nexa3D share a common vision of empowering manufacturers to create what was once deemed impossible.
Our combined strengths enable us to offer game-changing 3D printing solutions to defense, health, and industrial clients.
We are amazed by Nexa3D's growth, technology, and speed of delivery and are excited to be a force multiplier in realizing the true potential of our merged enterprise."
The merger between Nexa3D and Essentium will provide industrial clients with the tools needed for scaled production and exploring unprecedented large-scale manufacturing opportunities.
With Nexa3D's extensive market coverage of over 130 dealers worldwide, coupled with Essentium's HSE technology, the merged entity becomes a force of transformation in the industrial 3D printing landscape.
△ESSENTIUM HSE 280i HT 3D printer
New Appointments at Nexa3D:
Furthermore, Dr. Blake Teipel has been appointed as the Chief Strategy Officer. He will leverage his extensive experience in product development and deployment to collaborate with the executive leadership team in formulating, fostering, and communicating Nexa3D's strategic plans and leading their implementation across the organization.
Dr. Elisa Teipel has been named Chief Government Officer, leading all of Nexa3D's government business activities, including all special government projects and commercial activities, utilizing her broad domain expertise and deep relationships.
Kelly Spivey has been appointed as the Chief Financial Officer, closely working with the entire senior leadership team. Relying on her vast operational and auditing experience, she will oversee the finances, accounting, and information technology of the merged business.
This acquisition not only showcases Nexa3D's ambitious growth but also signifies a strategic move to merge the capabilities of both companies, providing more robust solutions in the industrial 3D printing sector.
