Essentium, known for its materials portfolio and High-Speed Extrusion 3D printers, has been acquired by Nexa3D in a move that broaden’s the latter’s technology family to include FDM for the first time.
Essentium’s polymer production applications are noted for their speed – a claimed 15 times faster than competing extrusion technologies – which has made the Texas-based company a popular choice among US manufacturers and government users.
An innovator in both materials and 3D Printing hardware, Essentium offers a wide range of 25 engineering filaments, from ESD safe to high temperature, as well as four biocompatible materials that run across its three systems.
Former Essentium CEO Dr. Blake Teipel has been appointed to the position of chief strategy officer at Nexa3D, using his experience in product development and deployment, to ‘formulate, facilitate and communicate Nexa3D’s strategic initiatives’ and lead implementation efforts.
With a number of USA government and defence users, Dr. Elisa Teipel will lead all of Nexa3D’s special projects and commercial activities, continuing to leveraging her extensive domain expertise and deep relationships. Another C-Suite shift comes with Kelly Spivey taking the role of CFO at Nexa3D.
Both BASF and 3D Printing experts Materialise were early backers of Essentium’s technology, while it wasted no time itself in acquiring interesting technologies such as Collider and its DLP 3D printed ‘programmable tooling’.
“We are honored and thrilled to welcome the talented Essentium team to Nexa3D,” said Nexa3D CEO Avi Reichental. “This acquisition is more than a strategic move; it’s a testament to our shared vision to drive innovation and deliver solutions that redefine the production capabilities of 3D printing.”
