Additive Industries, Eindhoven, the Netherlands, has secured a loan of €10 Million from Dutch incubator and growth accelerator BOM Brabant Ventures, and existing shareholder Highlands, to increase the speed of its growth and enable international expansion.
“Additive Industries plays an important role in ‘smart industry’ developments in Brabant, one of the cornerstones in our investment policy,” commented Miriam Dragstra, CCO of Brabant Development Agency (BOM). “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.”
“From the start, we have worked hard to build a stable and solid financial basis for the long term plans of Additive Industries,” added Jonas Wintermans, Co-founder of Additive Industries and Board Member of Highlands, together with his brother Boris Wintermans. “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.”
Ilko Bosman, CFO of Additive Industries, stated, “We are grateful for the continuous support we have received from Highlands since our inception as well as for the new partnership and trust of BOM Brabant Ventures. 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.”