The US company Nexa3D has signed a letter of intent to acquire Essentium. If approved, the deal could still be completed in 2023. Essentium manufactures 3D printers based on fused deposition.
According to the companies, the portfolios of both manufacturers complement each other ideally. Nexa3D is already active in the polymer 3D printing market with stereolithography and laser sintering systems. With Essentium, fused filament fabrication technology would now also be added.
Essentium initially specialized in material development and later introduced its own HSE extrusion printers. This enabled the company to gain a foothold in sectors such as aviation and medical technology. It also has contacts with the US Department of Defense.
Nexa3D has developed from a start-up to a serious competitor and is pursuing aggressive growth plans. In addition to organic growth, the companies NXT Factory and XYZ Printing’s SLS division have already been acquired.
According to Nexa3D, Essentium’s material expertise and Nexa3D’s hardware and software complement each other perfectly. Together, they want to drive innovation in industrial 3D printing and develop high-performance solutions. The acquisition of Essentium would be Nexa3D’s fourth acquisition.
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