Dutch 3D printing firm Additive Industries has acquired a €14 million funding from shareholder Highlands Beheer.
The steel Powder Mattress Fusion (PBF) 3D printer producer will use the capital to increase its product portfolio, speed up the expertise roadmap, and strengthen working capital.
“This substantial funding confirms the long-term dedication of Highlands to the expansion ambitions of the corporate. It permits Additive Industries to make one more vital step on its mission to revolutionize the productiveness for the additive manufacturing of top quality steel components,” mentioned co-founder and CEO Daan Kersten.
Additive Industries’ MetalFAB1 3D printers on its manufacturing flooring. Photograph by way of Additive Industries.
Additive Industries and 3D printing
Based in 2012, Additive Industries is thought for PBF 3D printing, and launched its flagship MetalFAB1 3D printer in 2015. The system can be utilized with any steel powder, though it does embody presets for generally used metals akin to titanium and aluminum.
Among the extra funding might be used to additional develop the scalable steel additive manufacturing system, which could be expanded from a print capability of three modules as much as a most of 11. The bigger model of the MetalFAB1 additionally incorporates two cores, enabling a couple of materials to be processed, with out danger of contamination.
Utilizing its MetalFAB1 3D printer, Additive Industries has been exploring the potential of automating its manufacturing course of. The corporate mixed experience with the SMS Group in November 2017, to develop a system that allows the collection manufacturing of end-use components. Furthermore, Additive Industries’ Scale4Series manufacturing plant, produces components that may be printed and post-processed routinely, with this objective in thoughts.
Additive Industries collaborated with steelmaking firm ArcelorMittal final month, to increase its expertise’s purposes, and develop large-scale spare half printing for the metal trade. Using Additive Industries’ steel 3D printing expertise, ArcelorMittal produced on-demand, end-use spare components for its services, specializing in massive and complex elements.
Additive Industries’ MetalFAB 3D printers are scalable, with a capability of 11 modules. Photograph by way of Additive Industries.
Development and alter at Additive Industries
Owned and run by the Wintermans household, Highlands Beheer has a portfolio of 59 corporations which was largely constructed by income from its Agio Cigars enterprise. Jonas Wintermans determined to diversify the enterprise portfolio in 2012 by co-founding Additive Industries, and Highlands has been investing within the firm’s development ever since. In February 2019 for example, the Highlands Beheer supplied a €10 million mortgage to Additive Industries alongside fellow shareholders BOM Brabant Ventures.
As a part of the most recent deal, Highlands additionally acquired the shares of Additive Industries co-founder and CEO Daan Kersten, who will depart the corporate on June 30th. Chief Know-how Officer (CTO) Mark Vaes will assume the position of CEO till a successor is discovered.
“Since our inception in 2012 we’ve been working relentlessly on constructing a system that’s in contrast to some other. I’m satisfied that with the continued assist of our purchasers, our companions, our staff and our shareholders we are able to now push our innovation roadmap much more,” mentioned Mark Vaes, CTO of Additive Industries.
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Featured picture exhibits the Additive Industries’ MetalFAB1 3D printers on its manufacturing flooring. Photograph by way of Additive Industries.
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