Driven by the business acumen and experience of its histrionic founder, Avi Reichental, a legend in the global AM industry (and a capable sales & marketing team), Nexa3D has experienced rapid growth, followed by periods of reorganization and cost reduction, and more expansions. Recently the company has been on a path of acquisitions, picking up the remains of XYZprinting among other strategic acquisitions. The next “victim” of its hunger is likely to be Essentium, a Texan industrial thermoplastic extrusion company that also has been on a relative financial roller coaster.
“We are looking forward to welcoming the Essentium team to Nexa3D’s growing family,” said Avi Reichental, Co-founder, Chairman, and CEO of Nexa3D. “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.”
The goal for this acquisition is to continue creating an additive manufacturing powerhouse, enabling industrial production across multiple ultrafast technologies, including resin, SLS, and now high-speed extrusion. This marks the beginning of what is expected to be a collaboration that promises to revolutionize the 3D printing landscape. The combination of Nexa3D’s expertise in ultrafast 3D printing with Essentium’s mastery of high-speed extrusion technology will result in a powerhouse of production technologies, ultimately benefiting industries ranging from aerospace and defense to medical devices and consumer goods.
“We are thrilled to welcome the Essentium team and their customers to the Nexa3D family, now spanning over 1,200 users worldwide,” the company said in a statement.
With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio.
“We are looking forward to welcoming the Essentium team to Nexa3D’s growing family”
Adopted by over 1200 customers worldwide, Nexa3D printers have quickly become the go-to solution for high-throughput, production applications.
Essentium, renowned 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’s commitment to innovation and reliability has made it a go-to choice for manufacturers and government users worldwide.
Nexa3D’s acquisition of Essentium is poised to open new horizons in additive manufacturing. The melding of Nexa3D’s ultrafast 3D printing capabilities and broad market reach with over 120 worldwide resellers, with Essentium’s high-speed extrusion technology will provide industrial customers with the tools needed to scale additive manufacturing and create previously unattainable production opportunities.
Blake Teipel, CEO of Essentium, expressed enthusiasm about the partnership: “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. 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.”
The companies stated that following customary shareholder and any regulatory approvals or governmental filings, the acquisition is expected to close by the end of this calendar year or as soon as practicable afterward.