NXT Factory a leading producer of Quantum Laser Sintering 3D printers has been acquired by Nexa3D, the Ventura. California based Nexa3D specialises in the making of ultra-fast stereolithography 3D printers and hope to increase their production with this merger. The cost of this merger was not made public though.
The take-over should will be finalized as soon as possible once all the customary and deal specific conditions have been fulfilled.
This merger of these two complimentary high-speed technologies is expected to be revolutionary and will result in an expanded growth for Nexa3D in the ever-changing 3D printing sector. The two firms have developed manufacturing grade photo plastic and thermoplastic materials that will enable this projected expansion. Through the merger, Nexa3D will have access to a wide variety of supply chain approved powder fusion plastics in their portfolio and this will, in turn, increase their market share to over $10 billion giving them a lead compared to other printing providers.
Nexa3D under the leadership of Co-founder, Chairman and CEO Avi Reichental, and COO Izar Medalsy have been producing ultrafast industrial stereolithography 3D printers and high-quality cost-effective polymers for professional and business use. These printers range in different sizes and are backed by proprietary Lubricant Sublayer Photo curing technology. They also developed and trademarked a structured light matrix that allows for maximum printing speeds and having industrial production capacity. They have also managed to reduce the 3D printing cycles for precision functional parts, from hours to minutes.
On the other hand, through the leadership of Kuba Graczyk the Co-founder and CEO of NXT Factory together with Tomasz Cieszynski Co-founder and CTO, the firm produces ultrarapid Selective Laser Sintering production systems that enable the making of thermoplastics that are used in mass productions of parts. Their printers are powered using the proprietary Quantum Laser Sintering (QLS™) technology. Through QLS, the company has been able to produce functional and long-lasting parts for use in the aviation and automobile industry as well as defence sector while also coming up with prototypes aimed at improving the quality and scale of injection moulding.