Nexa3D Acquires Essentium

Nexa3D has completed the acquisition of Essentium, a manufacturer of high-speed extrusion (HSE) 3D printers and materials. 

“We are honored and thrilled to welcome the talented Essentium team to Nexa3D,” says Avi Reichental, co-founder, chairman and CEO of Nexa3D. “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.”

Nexa3D builds fast 3D printers, which span from desktop to factory floor sizes, the company says. Image courtesy of Nexa3D.

“We are excited to join forces with Nexa3D,“ says Blake Teipel, co-founder and CEO of Essentium. “Essentium and Nexa3D share a vision of empowering manufacturers to create what was once considered impossible. Our combination enables us to offer game-changing 3D printing solutions for our defense, health, and industrial customers. We are blown away by the growth, technology, and delivery velocity underpinning Nexa3D, and excited to be the force multiplier that takes our combined enterprise to its true potential.”

Nexa3D’s market reach, with over 130 worldwide resellers, combined with Essentium’s HSE technology, reportedly will help position the merged entity well in the industrial 3D printing landscape, the companies note.

Dr. Blake Teipel has been appointed to the position of chief strategy officer, Nexa3D. In this role, Blake will deploy his 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 domain expertise and business relationships.

Kelly Spivey was appointed to the position of chief financial officer, Nexa3D. In this role, Kelly will work very closely with the senior leadership team to oversee the combined business finance, accounting and information technology relying on her operational and audit experience.

Nexa3D and Essentium report they are committed to ensuring a seamless transition and maintaining uninterrupted service to existing and prospective customers.

Sources: Press materials received from the company and additional information gleaned from the company’s website.