News and Insights of 3D Printing and Manufacturing
Prototek Holdings LLC, a leading North American digital manufacturing provider of industrial 3D printing and other manufacturing processes, acquired Prototype Solutions Group (PSG). PSG is a leading provider of quick-turn prototyping in CNC, additive and cast manufacturing located in northern Wisconsin, about one hour east of Minneapolis, MN.
Black Buffalo 3D Corporation, a leading provider of large-scale 3D construction printers, has entered a strategic partnership with FITTLE – the equipment financing business of Xerox Holdings Corporation that rebranded as FITTLE in 2022, and is a leading provider of innovative business financing and payment solutions – to help bring the company’s pioneering 3D concrete printing technology to market.
The US Department of Energy (DOE) has approved a technical collaboration between IperionX and Oak Ridge National Laboratory (ORNL) to advance the application of low-cost alloys utilizing spherical titanium powders produced through IperionX’s technologies.
Liebherr-Aerospace Lindenberg GmbH, a subsidiary of the Liebherr Group – one of the biggest construction equipment manufacturers in the world – has reached a new milestone. The company has been selected by Airbus to supply the lower cargo door actuator and valve for the Airbus A350 aircraft. The complex valve will be produced using additive manufacturing.
Freemelt – whose groundbreaking solutions create new conditions for rapid growth and development in 3D printing – has appointed Daniel Gidlund as its new CEO. Daniel Gidlund comes, most recently, from his role of Vice President of Sales, Division Parts & Services at Sandvik Mining & Rock Solutions. He replaces the founder Ulric Ljungblad, who, on his own initiative, leaves the position of CEO. Ulric Ljungblad’s new position in the company is as Chief Innovation Officer (CIO). Daniel Gidlund will take up the position on 18 October.
Velo3D, Inc., a leading metal additive manufacturing technology company for mission-critical parts, and Hartech Group, an advanced technology equipment supplier for the U.S. federal government, have partnered to distribute Velo3D’s technology to government agencies, including the Department of Defense. The partnership makes Hartech Group a preferred distributor for the federal government for Velo3D. Together, the companies will deliver full-service project execution for the sale, installation, and onboarding of Velo3D’s advanced metal additive manufacturing solution.
Impulse Space, a leading company in the development of in-space transportation services for the inner solar system, has entered into a groundbreaking partnership and launch mission with Relativity Space, the first company to 3D print entire rockets and builder of the largest metal 3D printers in the world – to deliver the first commercial payload to Mars. With an anticipated launch window starting in 2024, this historic partnership rapidly advances the companies’ shared goal of a multi-planetary existence for humanity. Under the exclusive agreement, Relativity is scheduled to launch Impulse’s Mars Cruise Vehicle and Mars Lander in Terran R from Cape Canaveral, Florida in an exclusive arrangement lasting through to 2029.
AM Ventures has closed its oversubscribed seed and early-growth fund at EUR 100 million – the ambitious hard cap set for the fund. The fund strengthens the firm’s position as the leading venture capitalist in additive manufacturing. Besides multi-million investments from well-established family offices, asset managers, SMEs and multinational corporations, startup founders who have already been supported by AM Ventures also join the strong investor lineup. The firm will use the resources from this oversubscribed fund to expand its portfolio of 17 companies, and further boost the industrial 3D printing industry.
Nano Dimension Ltd. (Nasdaq: NNDM) continues to shock the AM market with strategic acquisitions. After Nano Fabrica (now Fabrica Group) and more recently Adamtec/Formatec, the company has completed a strategic acquisition of 12.12% of additive manufacturing market leader Stratasys. Having visited Nano Dimension when it was just a two-story office with R&D capabilities in a building near Rehovot, Israel, only a few years ago, this achievement is all the more impressive.
Divergent Technologies Inc., the company that developed the world’s first end-to-end digital production system – revolutionizing industrial-scale manufacturing, has closed a new $60 million venture loan facility led by Horizon Technology Finance Corporation, and a new $20 million revolving line of credit provided by Bridge Bank, a division of Western Alliance Bank. The new facilities follow Divergent’s successful $160 million Series C funding earlier this year.