Essentium’s high-speed extrusion production facility in Pflugerville, Texas. (Photo: Business Wire)
The acquisition adds adding high-speed extrusion to the company’s additive manufacturing portfolio.
VENTURA, Calif.—Nexa3D, a maker of what the company calls “ultrafast polymer 3D printers,” recently completed its acquisition of Essentium, a manufacturer of high-speed extrusion (HSE) 3D printers and materials, Nexa3D said in a release.
Essentium, known for its wide materials portfolio, award-winning high-speed extrusion 3D printers, and true independent dual extruders (IDEX), has established itself in the industry by providing solutions for complex polymer production applications that are reported to be up to 15 times faster than competing extrusion technologies. The company’s commitment to high-speed extrusion precision, ruggedness, and reliability has made it a preferred choice for manufacturers and government users globally, the release said.
“We are honored and thrilled to welcome the talented Essentium team to Nexa3D,” said Avi Reichental, co-founder, chairman, and CEO of Nexa3D, in the release. “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.”
“We are excited to join forces with Nexa3D,” said Blake Teipel, co-founder, and CEO of Essentium, in the release. “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.”
The combination of Nexa3D and Essentium is poised to unlock new possibilities, offering industrial customers the tools needed to scale production and explore unprecedented manufacturing opportunities at scale, according to the release. Nexa3D’s extensive market reach, with over 130 worldwide resellers, combined with Essentium’s HSE technology, is said to position the merged entity as a transformative force in the industrial 3D printing landscape.
Blake Teipel, Ph.D., has been appointed to the position of chief strategy officer, Nexa3D. In this role, Teipel will deploy his instrumental 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.
Elisa Teipel, Ph.D., 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 extensive domain expertise and deep relationships.
Kelly Spivey was appointed to the position of chief financial officer, Nexa3D. In this role, Kelly will work very closely with the entire senior leadership team to oversee the combined business finance, accounting, and information technology.
Nexa3D and Essentium are committed to ensuring a seamless transition and maintaining uninterrupted service to existing and prospective customers. Essentium has begun operating as Essentium, a Nexa3D Company, immediately and plans to transition fully to the Nexa3D brand at a later date.