Additive Industries CEO Daan Kersten Steps Down as Agency Receives $14M Funding

One among a more recent era of metallic laser powder mattress fusion (PBF) producers, Additive Industries is constant to develop quickly. The most recent information is a $14 million funding from its current shareholder, Highlands Beheer. With the funds, the corporate goals to develop its product portfolio, pace up its technological growth technique and shore up its working capital. This final use for the funding is supposed to make sure monetary resilience for the corporate amid the COVID-19 pandemic.

Additive Industries CEO Daan Kersten Steps Down as Agency Receives M Funding

Outgoing Additive Industries CEO Daan Kersten (l) with Jonas Wintermans (r). Picture courtesy of Additive Industries.

Highlands has acquired the shares of the startup’s CEO and co-founder, Daan Kersten, who will go away the corporate by June 30, 2020. Within the interim, Chief Expertise Officer Mark Vaes, who has been with Additive Industries since 2013, will fill the position. Kersten stated of the choice:

“This substantial funding confirms the long-term dedication of Highlands to the expansion ambitions of the corporate and it permits Additive Industries to make yet one more important step on its mission to revolutionize the productiveness for the additive manufacturing of high-quality metallic components. After eight intense years of quick progress I really feel the time is true to make approach and hand over the reins to new management.”

The agency has shortly rolled out a modular metallic PBF system with a excessive diploma of automation and throughput. By decreasing the necessity for operator intervention, the MetalFAB1 system is ready to produce components extra quickly, with pre- and post-processing operations occurring in parallel to the construct job. The subsequent step in its roadmap was the event with SMS Group of automated factories known as the Scale4Series, through which components could be printed and post-processed routinely. Within the course of, Additive Industries has earned a variety of excessive profile companions and shoppers, together with Airbus/APWORKS, Volkswagen and the Sauber F1 crew.

Additive Industries CEO Daan Kersten Steps Down as Agency Receives M Funding

Cutaway of the MetalFab1 from Additive Industries. Picture courtesy of Additive Industries.

As Highlands is growing its share of the 3D printing agency, it’s worthwhile to be taught a bit extra concerning the firm. In reality, Highlands now says that it owns Additive Industries, along with a cigar equipment producer, ATD Equipment, and NTS Group, which produces optomechatronic methods and mechanical modules for authentic tools producers. Apparently, the CEO of NTS can also be stepping down this August.

Additive Industries CEO Daan Kersten Steps Down as Agency Receives M Funding

A rendering of the Scale4Series in growth by Additive Industries and SMS Group. Picture courtesy of Additive Industries.

Highlands is owned by the Wintermans, a Dutch household that based and ran Royal Agio Cigars, one of many largest cigar manufacturing companies in Europe, earlier than promoting it to Scandinavian Tobacco Group final 12 months. The household divvied up 10 million Euros amongst its workers as part of the deal. Highlands maintains its ATD enterprise, that means that it’ll proceed to concentrate on the tech facet of cigar making, however its funding in Additive Industries and its possession of NTS Group signifies a continued shift within the household’s enterprise operations general, which beforehand had been making cigars since 1904. The sale of Royal Agio appears to recommend that the transition of Highlands from a cigar firm to a tech firm is close to full.

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