ADDiTEC, a {hardware} expertise firm in metallic additive manufacturing, has acquired Elem Additive Options from Xerox Holdings Company. The acquisition of Elem Additive Options follows ADDiTEC’s efforts to give attention to the extension of its expertise portfolio to extend industrial adoption of additive manufacturing. The phrases of the transaction weren’t disclosed.
The acquisition will enable ADDiTEC to increase its attain into Liquid Steel Printing (LMP) expertise, strengthening current capabilities, opening up new alternatives for progress, and enhancing the flexibility to serve the rising additive manufacturing trade.
Since its basis, Elem Additive Options has been the chief in LMP expertise and a key a part of Xerox’s tradition of innovation. From commercializing the primary industrial liquid metallic 3D printer to deploying it on a naval vessel, Elem Additive has had a historical past of firsts. The corporate’s liquid metallic 3D printer, ElemX, was developed to be a safer and less complicated resolution, addressing provide chain resiliency for transportation, aerospace, protection, and industrial manufacturing.
The shared mission and robust technological synergies between ADDiTEC and Elem Additive Options create an incredible alternative to proceed to innovate to the following stage of liquid metallic printing.
Within the phrases of Steve Bandrowczak, Chief Government Officer at Xerox, “The Elem Additive crew has seen great success for the reason that group was stood up almost 4 years in the past. In evaluating companions for this sale, it was vital we discovered an organization with a shared mission that might maintain and advance Elem Additive’s innovation into the longer term. We’re assured that ADDiTEC is the proper companion and look ahead to witnessing each groups’ shared success on the street forward.”
“We’re very excited to have accomplished the acquisition of Elem Additive Options,” mentioned Brian Matthews, founder and chief govt officer at ADDiTEC. “This acquisition is a big step for our firm, we see unimaginable worth in liquid metallic print expertise, and Elem Additive’s success dietary supplements our progress efforts as we proceed to develop new choices and convey to market our turnkey metallic additive manufacturing techniques. We’re delighted to have acquired Elem Additive Options and can try to create additional progressive companies and options for our clients with the addition of this thrilling liquid metallic printing expertise.”
ADDiTEC will proceed to help Xerox clients because the Elem Additive crew transitions to the group.
