Nexa3D is bolstering its position in the industrial additive manufacturing space by signing a letter of intent to acquire Essentium, a manufacturer of HSE 3D printers and materials used in applications including aerospace, military and defense. With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio.
Essentium, renowned for its broad materials portfolio, 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.
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.
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 new production opportunities.
Following customary shareholder and any regulatory approvals all governmental filings, the acquisition is expected to close by the end of this calendar year or as soon as practicable afterwards. Both Nexa3D and Essentium are committed to ensuring a smooth transition and maintaining uninterrupted service to existing and prospective customers.