Additive Industries secures €14 million funding; Kersten to depart company
Additive Industries, Eindhoven, the Netherlands, has secured a €14 million investment from its shareholder Highlands Beheer BV, parent company of the Wintermans family. Additive Industries plans to use the capital contribution for the expansion of its product portfolio, the acceleration of its technological roadmap and strengthening of working capital.
Highlands has also acquired the shares owned by Daan Kersten, Additive Industries’ co-founder and CEO, who will leave the company on June 30, 2020. Until a suitable successor is found, Mark Vaes, the company’s current Chief Technology Officer, will assume the position of CEO.
In addition to Additive Industries’ expansion plans, the company noted that the new funding will also provide cover for any possible impact of the coronavirus (COVID-19) that may affect the company’s business in due course.
“This substantial investment confirms the long-term commitment of Highlands to the growth ambitions of the company and it allows Additive Industries to make yet another significant step on its mission to revolutionise the productivity for the Additive Manufacturing of high quality metal parts,” Kersten commented. “After eight intense years of fast growth I feel the time is right to make way and hand over the reins to new leadership.“
Vaes added, “Since our inception in 2012 we have been working relentlessly on building a system that is unlike any other. A modular system with the largest symmetrical build volume commercially available, minimum operating interference and most of all, class leading productivity. I am convinced that with the continued support of our clients, our partners, our team and our shareholder we can now push our innovation roadmap even more.”
