Nexa3D, the leader in ultrafast 3D printing, announced its intention to acquire Essentium, a renowned manufacturer of high-speed extrusion (HSE) 3D printers and materials, in November last year. And it has now revealed that all formalities for the acquisition of Essentium have been completed. With the addition of high-speed extrusion technology to its portfolio, it is now able to enter a new technological space and cater to a new market segment.
Nexa3D collaborated with Headmade Materials last year to add metal 3D printing to its portfolio via ColdMetalFusion technology.
Nexa3D completes acquisition of Essentium
Nexa3D has quickly established itself as an industry leader in industrial 3D printing, providing revolutionary production solutions to businesses in a variety of industries. Nexa3D’s cutting-edge technology, known for its ultrafast 3D printers ranging in size from desktop to factory floor, has redefined the possibilities of 3D printing production, enabling unparalleled productivity, accuracy, and material versatility. Nexa3D printers have become the preferred solution for high-throughput production applications, with over 1500 systems installed worldwide.
Essentium, known for its diverse material portfolio, award-winning high-speed extrusion 3D printers, and true independent dual extruders (IDEX), has carved out a niche in the industry by offering solutions for complex polymer production applications that are up to 15 times faster than competing extrusion technologies. Because of the company’s dedication to High-Speed Extrusion precision, ruggedness, and reliability, it has become the preferred choice for manufacturers and government users worldwide.
“We are honored and thrilled to welcome the talented Essentium team to Nexa3D. This acquisition is more than a strategic move; it’s a testament to our shared vision to drive innovation and deliver solutions that redefine the production capabilities of 3D printing.”
– Avi Reichental, Co-founder, Chairman, and CEO of Nexa3D
Nexa3D and Essentium: Unlocking possibilities
The combination of Nexa3D and Essentium is poised to open up new doors, providing industrial customers with the tools they need to scale production and explore unprecedented manufacturing opportunities at scale. With over 130 global resellers, Nexa3D’s extensive market reach, combined with Essentium’s HSE technology, positions the merged entity as a transformative force in the industrial 3D printing landscape.
“We are excited to join forces with Nexa3D. Essentium and Nexa3D share a vision of empowering manufacturers to create what was once considered impossible. Our combination enables us to offer game-changing 3D printing solutions for our defense, health, and industrial customers. We are blown away by the growth, technology, and delivery velocity underpinning Nexa3D, and excited to be the force multiplier that takes our combined enterprise to its true potential.”
– Blake Teipel, Co-founder, and CEO of Essentium
Dr. Blake Teipel has been appointed Chief Strategy Officer at Nexa3D. Blake will use his extensive experience in product development and deployment in this role, collaborating with the executive leadership team to formulate, facilitate, and communicate Nexa3D’s strategic initiatives and leading implementation efforts across the organisation.
Dr. Elisa Teipel is named as Nexa3D’s Chief Government Officer. Elisa will lead all of Nexa3D’s government business activities, including special government projects and commercial activities, in this role, leveraging her extensive domain expertise and deep relationships.
Nexa3D has appointed Kelly Spivey to the position of Chief Financial Officer. Kelly will work closely with the entire senior leadership team in this role to oversee the combined business finance, accounting, and information technology, drawing on her extensive operational and audit experience.
Nexa3D and Essentium are committed to ensuring a smooth transition and continued service to current and prospective customers.
