August 5, 2020
Stereolithography 3D printer maker Nexa3D is acquiring all outstanding shares of NXT Factory, a provider of Quantum Laser Sintering (QLS) 3D printers for mass production. According to Nexa3D, the acquisition adds a full range of supply chain-approved, powder fusion plastics to its product line, and could effectively double the company’s addressable market to over $10 billion.
“We are very excited to bring together two complementary additive manufacturing disruptors that are united in their pursuit of breaking speed, performance and productivity barriers in additive manufacturing,” said Avi Reichental, Co-founder, Chairman and CEO of Nexa3D. “We believe that the perfect strategic fit between our businesses and products, combined with the expanded capabilities in product development, channel coverage, manufacturing and marketing, will result in significant revenue and accretive growth potential. Given the resounding validation that the 3D printing industry has received during the course of the global community’s response to the Covid-19 pandemic, this is the right time for us to take this decisive step to realize the combined potential that this acquisition presents for the benefit of our expanding customer base, partners and stakeholders.”
“We are thrilled to join forces with Nexa3D and together unleash the power and potential of our products,” said Kuba Graczyk, Co-founder and CEO, NXT Factory. “COVID-19 propelled both of our companies to demonstrate the unique capabilities of our complementary additive manufacturing power as we quickly ramped into full production of personal protective equipment for frontline healthcare workers. This crisis has helped showcase the incredibly rapid and flexible nature of our combined additive manufacturing capabilities compared to traditional manufacturing and demonstrates how vulnerable the global manufacturing supply chain is to unexpected disruptions. Together, we are committed to taking additive manufacturing to the next level and realizing its full potential.”
“Stereolithography (SLA) and Selective Laser Sintering (SLS) are the cornerstones of additive manufacturing of plastics, so I am honored and proud to be part of the team that is uniting the two companies that are taking both technologies to their full potential,” said Tomasz Cieszynski, Co-founder and CTO of NXT Factory. “Having worked side by side with the Nexa3D team over the past four years in Ventura, CA, sharing facilities, exhibiting jointly at tradeshows, witnessing untold technological breakthroughs and rapid expansion, there is no doubt in my mind that this is the perfect match for both of our companies. I am excited to join this dream team and contribute towards the creation of a leading fourth generation additive manufacturing powerhouse.”
The transaction has been approved by the boards of directors and the stockholders of both companies, and is subject to customary and deal-specific closing conditions being met. Details of the transaction were not disclosed.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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