Additive Industries, which makes industrial 3D metal printing systems, has secured a €10 Million loan from BOM Brabant Ventures and existing shareholder Highlands to help it expand it further.
The company, which is based in Eindhoven in the Netherlands, is hoping to become the third largest supplier of 3D metal printers. Ilko Bosman, CFO of Additive Industries, explained: “We will invest the funds in advancing our process & application development activities, increasing R&D and expanding our support infrastructure. Customer satisfaction is our number one priority”
It’s also significant that Additive Industries has broadened its financial backing, picking up a second investor. BOM Brabant Ventures is a regional investment fund that seeks to improve the Brabant area. The Province of North-Brabant is the home of many high tech equipment OEMs with its concentration in and around Eindhoven. Miriam Dragstra, CCO of Brabant Development Agency (BOM), said of Additive Industries: “The company has everything in place to become a leading global player in its market. Both employment and innovation of Brabant manufacturing industries benefit from this. Therefore, we are proud to be financing Additive Industries’ growth plans and assist the ambitious management team to expand their global footprint”.
Additive Industries was founded in 2012 with the stated aim of producing a 3D metal printer for serial production, introducing its MetalFab1 printer in 2015, and a smaller compact model in 2017. The printers are used in various markets, from aerospace and automotive to production of parts for food processors. Several customers have two machines with Sauber F1 having installed a third one at the end of last year.
Highlands has been Additive Industries main financing partner. Jonas Wintermans who is a Board Member of Highlands also helped co-found Additive Industries alongside Daan Kersten, CEO of Additive Industries. Jonas Wintermans commented: “We have great confidence in the ambitions of the team. This loan is both a proof-point in the company history that underlines the trust we have in the team, as well as an essential fuel for further development of the business”.
You can find further details at additiveindustries.com.