Acquisitions, Mergers & PartnershipsAM NationsMaritime Industry

MENA, Immensa enters partnership with Pelagus 3D

The companies estimate the partnership will open up at least $2 billion of new, incremental potential revenues within the global energy sector spare parts market

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Immensa, MENA’s largest digital manufacturer, has signed a Strategic Collaboration Agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The partnership will see Immensa and Pelagus 3D combine their respective strengths in additive manufacturing and digital inventory solutions to enhance service offerings and expand their market presence in the MENA region. The companies conservatively estimate the partnership will open up at least $2 billion of new, incremental potential revenues within the global energy sector spare parts market.

The partnership is mutually exclusive for both parties within the designated territories – providing a strong foundation to align efforts – and to maximize the reach and efficiency of the partners’ combined services.

Immensa anticipates its core markets of the UAE, KSA, and Kuwait to serve as initial launch countries, followed by a rapid expansion to its wider MENA region operations. Immensa’s existing customers will now be able to seamlessly tap into the maritime vertical.

Leveraging its network, Immensa will serve as the exclusive distributor within the maritime and offshore sectors for Pelagus 3D’s products in the region. Immensa will also act as the exclusive service provider for projects initiated through Pelagus 3D’s platform in the territory. The ultimate aims are to streamline supply chain processes, expand OEM networks, and deliver significant improvements in service provision to end MENA region users.

“Immensa seeks to be world-class in everything it does: technology, strategy, execution, talent, and its partners. Today’s news brings two world-class partners together and we look forward to working closely with Pelagus 3D – which is developing the largest database of spare parts for additive manufacturing in the maritime and offshore industry – to transform inventory management across sectors,” said Fahmi Al Shawwa, CEO of Immensa.

“This marks a significant milestone in our mission to drive adoption of on-demand spare parts in the MENA region. Through this partnership, we are offering enhanced additive manufacturing services and technologies for our OEMs and end users, fostering technological advancement in the industry. We look forward to working together with Immensa to further AM innovation and accelerate adoption,” said Haakon Ellekjaer, Chief Commercial Officer of Pelagus 3D.

Immensa has also revealed the new brand name for its AI-enabled software. Formerly known as DIS-RT, the company’s first-of-a-kind platform – which is an end-to-end solution to assess and digitize inventories – will now be known as Immensa360.

Pelagus 3D is a joint venture of thyssenkrupp and Wilhelmsen. Pelagus serves over 4,000 assets globally from 25 end-user partners and 21 OEM partners. With over 80 manufacturing suppliers worldwide, Pelagus 3D is developing the largest database of spare parts available for AM in the maritime and offshore industry.

The maritime sector involves capital-intensive assets with a heavy use of equipment in highly corrosive environments. Shipping depends on a well-functioning maintenance organization to ensure safe operations. Unexpected maritime asset downtime can cause material revenue losses, and safety issues. With assets changing locations constantly, expediting spare parts is difficult to plan for.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

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