Nexa3D, a manufacturer of ultra-fast SLA 3D printers, has just announced the acquisition of NXT Factory, a developer of Quantum Laser Sintering (QLS) 3D printing technology. Through the deal, Nexa3D is acquiring all outstanding shares of NXT Factory, and will begin to offer both high-speed 3D printing processes through its AM portfolio. The acquisition will also see Nexa3D add a range of powder fusion plastic materials to its product line.
“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,” commented 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.”
The strategic transaction will enable Nexa3D to offer its customers the complementary high-speed photoplastic and thermoplastic AM technologies (as well as a wider range of materials). The company believes that the acquisition will enable it to further establish its offering as advantageous compared to traditional manufacturing as well as a viable solution for a more agile supply chain. The company adds that by bringing both technologies together under Nexa3D leadership will double the addressable market to over $10 billion, as well as diversify revenue streams and drive growth.
“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, California, 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 acquisition has been approved by both companies’ respective board of directors and stockholders. Though further details of the transaction were not disclosed, the companies say the transaction is “expected to be completed as promptly as practicable.”
Izhar Medalsy, COO of Nexa3D, concluded: “We believe that our ability now to augment our organic growth plan with strategic additions will increase our marketplace attractiveness and relevance in the post-pandemic world, particularly within our targeted verticals, including healthcare, manufacturing, aerospace and mobility industries, while adding an unmatched product portfolio that our global reseller channel is asking for.”