Additive Industries, a Dutch AM firm, has obtained a €14 million grant from shareholder Highlands Beheer.
The PBF, (metal Powder Bed Fusion) 3D printer maker will utilize the capital to grow its product collection, expedite the technology blueprint, and increase working capital.
“This substantial investment confirms the long-term commitment of the Highlands to the growth ambitions of the company. It allows Additive Industries to make yet another significant step on its mission to revolutionize the productivity for the additive manufacturing of high-quality metal parts,” says Daan Kersten, the co-founder, and CEO.
Additive Industries was founded in 2012 and it’s popular for PBF additive manufacturing. In 2015, it unveiled its flagship MetalFAB1 3D printer. The system may be utilized with all metal powder, even if it does comprise of presets for generally used metals like aluminum titanium and aluminum.
Some of the extra funding will be utilized to further create the scalable metal 3D printing system, which may be extended from the print size of 3 modules up to a maximum of 11. Also, the bigger variant of the MetalFAB1 comprises 2 cores allowing over one material to be processed minus a contamination risk.
Utilizing its MetalFAB1 3D printer, Additive Industries has been examining the possibility of mechanizing its production process. In November, the firm mixed skill with the SMS Group, to create a mechanism that enables the line manufacture of end-use pieces. Furthermore, Additive Industries’ Scale4Series production plant, makes pieces of parts that may be printed and post-treated instantly, with this purpose in spirit.
Additive Industries partnered with steelmaking firm ArcelorMittal the past month, to grow its technology’s usages, and grow large-scale spare piece printing for the steel sector. Using Additive Industries’ metal additive manufacturing technology, ArcelorMittal manufactured much needed, end-use extra pieces for its offices, centering on huge and complex pieces.
Highlands Beheer is owned and operated by the Wintermans family. It has a portfolio of 59 firms which was hugely built through income from its Ago Cigars business. Jonas Wintermans made a decision to expand the business collection in 2012 by co-founding Additive Industries, and Highlands has been investing in the firm’s development ever since. For example, in Feb 2019, the Highlands Beheer offered a €10 m loan to Additive Industries together with fellow stockholders BOM Brabant Ventures.
Furthermore, as part of the recent agreement, Highlands obtained the portions of Additive Industries co-founder and CEO Daan Kersten who’s expected to quit the firm on 30th June. Chief Technology Officer, Mak Vaes will take on the role of CEO until a successor is found.
“Since our inception in 2012 we have been working relentlessly on building a system that is unlike any other. I am convinced that with the continued support of our clients, our partners, our team, and our shareholders we can now push our innovation roadmap even more,” states CTO of Additive Industries, Mark Vaes.