ADDITIVE INDUSTRIES SECURES €10 MILLION FOR INTERNATIONAL EXPANSION

3D Printing Industry | 2/12/2019 | Tia Vialva
Click For Photo: https://3dprintingindustry.com/wp-content/uploads/2018/09/metalfab1-metal-3D-printer-from-additive-industries-via-Additive-Industries.png

Additive Industries, a Netherlands-based metal 3D printer manufacturer, has received a €10 million loan from BOM Brabant Ventures and Highlands, a current shareholder of Additive Industries.

The money will be used to implement Additive Industries long term international growth strategy. Jonas Wintermans, co-founder of Additive Industries and Board Member of Highlands said, “From the start we have worked hard to build a stable and solid financial basis for the long term plans of Additive Industries. We have great confidence in the ambitions of the team.”

THIS - LOAN - IS - BOTH - A

“THIS LOAN IS BOTH A PROOF-POINT IN THE COMPANY HISTORY THAT UNDERLINES THE TRUST WE HAVE IN THE TEAM, AS WELL AS AN ESSENTIAL FUEL FOR FURTHER DEVELOPMENT OF THE BUSINESS.”

Miriam Dragstra (middle) of BOM with co-founders of Additive Industries Jonas Wintermans (left) and Daan Kersten (right) sign the agreement. Image via Additive Industries.

Additive - Industries - Approach - Fusion - Metal

Established in 2012, Additive industries is known for its modular approach to powder bed fusion metal 3D printing via the MetalFAB1. The 3D printer is based on an open approach to materials, meaning that customers can use metal powder of their own choice.

Currently, printing profiles are available for titanium (Ti6Al4V), aluminium, (AlSi10Mg), stainless steel (316L), and inconel (IN718).

Additive - Industries - Partnership - SMS - Group

Moreover, since the Additive Industries partnership with the SMS Group, automated serial production of metal is being explored using the MetalFAB1. Their Scale4Series is a manufacturing plant which exploits the modular architecture of MetalFAB1 to combine machines in order to increase production volume.

Now, with the help of recent funding Additive Industries hopes to increase its R&D and Process & Application Development Centers.

Ilko - Bosman - CFO - Additive - Industries

Ilko Bosman, CFO of Additive Industries said, “We are grateful for the continuous support we have received from Highlands since our inception as well as for the new partnership and trust of BOM Brabant Ventures. We will invest the funds in advancing our process & application...
(Excerpt) Read more at: 3D Printing Industry
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