Nexa3D, the Ventura, Calif.-based maker of ultra-fast stereolithography production 3D printers, acquired all of the outstanding shares of NXT Factory, a maker of Quantum Laser Sintering (QLS™) 3D printers for mass production.
The amount of the deal was not disclosed.
The transaction is expected to be completed as promptly as practicable, subject to customary and deal-specific closing conditions being met.
The combination of these two complementary high-speed technologies brings together a portfolio of production grade photoplastic and thermoplastic materials and positions Nexa3D for accelerated growth in the dynamic additive manufacturing space. The acquisition adds a full range of supply chain-approved, powder fusion plastics to Nexa3D’s product line, effectively doubling the company’s addressable market to over $10 billion and elevating its advantages over traditional manufacturing.
Led by Avi Reichental, Co-founder, Chairman and CEO, and Izhar Medalsy, COO, Nexa3D makes ultrafast industrial grade stereolithography 3D printers and high-performance polymers affordable for professionals and businesses of all sizes. The company’s printers are powered by proprietary Lubricant Sublayer Photo-curing (LSPc) technology and patented structured light matrix capable of reaching top speeds and industrial productivity, reducing 3D printing cycles of precision functional parts from hours to minutes.
Led by Kuba Graczyk, Co-founder and CEO, and Tomasz Cieszynski, Co-founder and CTO, NXT Factory makes ultrafast selective laser sintering production systems that manufacture thermoplastics for mass production application. The company’s printers are powered by proprietary Quantum Laser Sintering (QLS™) technology that delivers functional durable parts for aerospace, automotive, durable goods defense and prototyping applications at injection molding quality and scale.
FinSMEs
07/08/2020