Nexa3D announced the successful completion of its acquisition of Essentium, a manufacturer of high-speed extrusion (HSE) 3D printers and materials.
Essentium, known for its wide materials portfolio, high-speed extrusion 3D printers, and true independent dual extruders (IDEX), has established itself in the industry by providing solutions for complex polymer production applications that are up to 15 times faster than competing extrusion technologies. The company's commitment to High-Speed Extrusion precision, ruggedness and reliability has made it the preferred choice for manufacturers and government users globally.
The combination of Nexa3D and Essentium is poised to unlock new possibilities, offering industrial customers the tools needed to scale production and explore unprecedented manufacturing opportunities at scale. Nexa3D's extensive market reach, with over 130 worldwide resellers, combined with Essentium's HSE technology, positions the merged entity as a transformative force in the industrial 3D printing landscape.
Dr. Blake Teipel has been appointed to the position of Chief Strategy Officer, Nexa3D. In this role, Blake will deploy his instrumental experience in product development and deployment, working with the executive leadership team to formulate, facilitate and communicate Nexa3D’s strategic initiatives and lead implementation efforts across the organization.
Dr. Elisa Teipel was appointed to the role of Chief Government Officer, Nexa3D. In this role, Elisa will lead all of Nexa3D’s government business activities, including all special government projects and commercial activities, leveraging her extensive domain expertise and deep relationships.
Kelly Spivey was appointed to the position of Chief Financial Officer, Nexa3D. In this role, Kelly will work very closely with the entire senior leadership team to oversee the combined business finance, accounting and information technology relying on her vast operational and audit experience.
Nexa3D and Essentium are committed to ensuring a seamless transition and maintaining uninterrupted service to existing and prospective customers. Essentium will begin operating as Essentium, a Nexa3D Company immediately and plans to transition fully to the Nexa3D brand at a later date.