GLOBAL NEWS

Additive Industries Secures 14M Euro funding to Accelerate its Growth

Additive Industries
Additive Industries
Above: Additive Industries Production Floor/Image Credit: Additive Industries

Additive industries, the Eindhoven-based industrial 3D metal printer manufacturer, announced an investment of 14M Euro from its shareholder Highlands Beheer, the parent company of the Wintermans family.

Additive Industries plans to use the capital contribution for expansion of their product portfolio, the acceleration of its technological roadmap and strengthening of working capital. Additionally, Highlands acquired the shares owned by co-founder and CEO Daan Kersten, who will officially leave the company per June 30th 2020. Until a suitable successor is found, Chief Technology Officer (CTO) Mark Vaes assumes the position of CEO.

ADDITIVE INDUSTRIES

Additive Industries
Above: End-to-end laser powder bed fusion system, MetalFAB1 system/Image Credit: Additive Industries

Additive industries is a manufacturer of industrial metal 3D printers. It is accelerating industrial additive manufacturing of high quality, functional, metal parts by offering a modular, end-to-end laser powder bed fusion system, MetalFAB1 system, and seamlessly integrated information platform, Additive World Platform, to high end and demanding industrial markets. With substantially improved reproducibility, productivity, and flexibility.

Additive Industries redefines the business case for series production of additive manufacturing applications in aerospace, automotive, medical technology, and high-tech equipment.

Last year, Additive Industrieshad managed to secure a EUR 10 million loan from BOM Brabant Ventures and existing shareholder Highlands to accelerate growth.

The new funding also provides for any possible COVID-19 impact that may affect the company’s business in due course. In his comment CEO Kersten stated, “This substantial investment confirms the long-term commitment of Highlands to the growth ambitions of the company and it allows Additive Industries to make yet another significant step on its mission to revolutionize the productivity for the additive manufacturing of high quality metal parts. After eight intense years of fast growth I feel the time is right to make way and hand over the reins to new leadership.”

Mark Vaes, CTO and driving force behind the development of the MetalFab1 since 2013 expressed his views saying, “Since our inception in 2012 we have been working relentlessly on building a system that is unlike any other. A modular system with the largest symmetrical build volume commercially available, minimum operating interference and most of all, class leading productivity. I am convinced that with the continued support of our clients, our partners, our team and our shareholder we can now push our innovation roadmap even more.”

Additive Industries clients include, amongst others, several leading automobile and aerospace manufacturers, a leading space company and F1 Team Alfa Romeo Racing ORLEN.

All parties involved decided to keep the financial terms of the underlying transactions confidential for the moment.

About Highlands Beheer: Highlands Beheer is the parent company of the Wintermans family. Highlands owns three tech companies: ATD Machinery, NTS Group and Additive Industries.


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