ADDiTEC purchase of Elem Additive Solutions will expand the company's reach into Liquid Metal Printing (LMP) technology. PHOTO courtesy ADDiTEC.
ADDiTEC, a provider of metal additive manufacturing, has acquired Elem Additive Solutions from Xerox Holdings Corporation.
The acquirement of Elem Additive Solutions follows ADDiTEC’s efforts to focus on the extension of its technology portfolio to increase industrial adoption of additive manufacturing.
The acquisition will allow ADDiTEC to expand its reach into Liquid Metal Printing (LMP) technology, strengthening existing capabilities, opening up new opportunities for growth, and enhancing the ability to serve the growing additive manufacturing industry, the company says in a release.
From commercializing the first industrial liquid metal 3D printer to deploying it on a naval vessel, Elem Additive has had a history of firsts. The company’s liquid metal 3D printer, ElemX, was developed to be a safer and simpler solution, addressing supply chain resiliency for transportation, aerospace, defense, and industrial manufacturing.
“The Elem Additive team has seen tremendous success since the organization was stood up nearly four years ago. In evaluating partners for this sale, it was critical we found a company with a shared mission that would sustain and advance Elem Additive’s innovation into the future,” said Steve Bandrowczak, chief executive officer at Xerox. “We are confident that ADDiTEC is the right partner and look forward to witnessing both teams’ shared success on the road ahead.”
Brian Matthews, founder and chief executive officer at ADDiTEC, characterized the acquisition as a “significant step” for his company.
“We see incredible value in liquid metal print technology, and Elem Additive’s success supplements our growth efforts as we continue to develop new offerings and bring to market our turnkey metal additive manufacturing systems,” he said.
ADDiTEC will continue to support Xerox customers as the Elem Additive team transitions to the organization.
The terms of the acquisition were not disclosed.