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3D Systems reduces workforce by 20%, refocuses on healthcare and industrial Money & Funding

by Business

In parallel to announcing its less than stellar second quarter 2020 financial results, AM giant 3D Systems has revealed it will be initiating a new strategic focus aimed at accelerating the adoption of additive manufacturing technologies. The company is also laying off 20% of its staff as part of a restructuring effort that will enable it to reduce annualized costs by approximately $100 million by the end of next year.

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Lubrizol acquires Avid Product Development AM Industry

by Business

The Lubrizol Corporation has acquired Avid Product Development, LLC, a trusted partner for engineering and additive manufacturing services. Lubrizol acquires Avid to extends its production capabilities in AM and offering the service bureaus’ unique blend of 3D printing capabilities, including design for additive manufacturing (DfAM), prototyping and production using powder bed fusion (MJF, SLS), fused filament fabrication (FFF) and stereolithography (SLA), with expertise in various post-processing technologies.

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SLA provider Nexa3D acquires laser sintering company NXT Factory AM Industry

by Business

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.

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Italy’s BEAMIT and ZARE merge into single AM service provider 3D Printing Service Providers

by Business

Italian additive manufacturing services BEAMIT and ZARE have today announced a merger through which they will combine their resources to become a single, powerhouse AM service in Europe. The merging of the two additive manufacturing service providers will result in a single organization made up of over 100 employees with operations at five facilities, all located within a 40 km area between Parma and Reggio Emilia in Italy. The new company also has four commercial offices in France, Germany, the UK and Japan.

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Nico Rosberg raffles off his 2018 Energica EGO in fight against Covid-19 Marketing and Content

by Business

Formula 1 World Champion and sustainability entrepreneur Nico Rosberg is giving away his 2018 Energica EGO electric supersport motorcycle to raise money for charities helping people in need by Covid-19 pandemic. Nico’s 2018 Energica EGO is custom-designed with many parts manufactured by CRP Technology using selective laser sintering process and Windform composite materials.

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GM leveraging Stratasys 3D printing in ventilator tooling production Additive Manufacturing

by Business

Since significantly expanding its 3D printing capacity – by installing 17 production-grade Stratasys systems – at the end of 2019, automotive giant GM has transformed many of its production lines, leveraging the technology for faster and most efficient tooling and more. In light of the COVID-19 pandemic, the technology has come particularly in handy, helping the company to transition towards the production of ventilators.