Nikon SLM Solutions reports revenues of €150 million in 2024, +36%
After Nikon acquired SLM Solutions, the company was naturally taken off the Xetra stock market, where it was listed. This meant that Nikon SLM Solutions was no longer required to disclose performance to stockholders publicly. However, the company can do so voluntarily, and that’s exactly what CEO Sam O’Leary just did, reporting revenue of €150 million (about $163 million) for fiscal year 2024. This represented a +36% growth from the previous year.
This result places Nikon SLM Solutions ahead of the largest Chinese competitors, like BLT and Farsoon, for combined metal AM hardware and material sales. BLT, the largest Chinese metal AM company, generated about $170 million in revenues in 2023 (+34%); however, a significant share is derived from metal AM services, which Nikon SLM Solutions does not offer. However, Nikon SLM Solutions can count on the strength of its mother company, Nikon, which generated about $4.8 billion in revenues in 2024.
“We’ve been relentless and laser focused in pushing the art of what’s possible in metal additive manufacturing. That has allowed us to deliver strong results once again,” said CEO Sam O’Leary. “We’re reporting more than 150 million euros in revenue, representing a 36 percent increase versus 2023. On top of that, we’ve expanded our manufacturing footprint by producing the game-changing NXG XII 600 in the US. Alongside this, we’ve increased our global team significantly. We’ve started 2025 with more momentum than ever, opening new facilities to drive additive manufacturing in California and [here] in Tokyo.”
During FY 2024, SLM Solutions achieved other significant milestones including the opening of the Nikon Advanced Manufacturing Technology Center in Long Beach, CA, which has been operational since last July.
For the metal 3D printing hardware giant, this cutting-edge 90,000-square-foot facility is more than just a space—it’s a launchpad for the future of high-precision manufacturing. Bringing together Nikon, Nikon SLM Solutions, and Nikon AM Synergy Inc., the center is designed to empower industries like aerospace, defense, and aviation with advanced AM technologies, integrated R&D capabilities, and unrivaled expertise.
In June 2024, Nikon SLM Solutions commenced production for the NXG XII 600 metal additive manufacturing system in the United States. This marked a significant milestone in the company’s commitment to expanding its manufacturing capabilities and enhancing service for the North American customer base with “American Made” systems.
In February 2025, Nikon Corporation opened its Nikon AM Technology Center Japan in Gyoda, Saitama Prefecture. This facility marked another milestone in Nikon Advanced Manufacturing’s plan to revolutionize manufacturing.
