Additive Industries secures €14 million funding; Kersten to depart company

May 25, 2020

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.” 

www.additiveindustries.com  

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal AM in the aerospace sector: from early successes to the transformation of an industry
  • Slowly but surely: Industrialising metal Additive Manufacturing the Norwegian way
  • Hot Isostatic Pressing and AM: How to improve product quality and productivity for critical applications
  • The convergence of Additive Manufacturing and Artificial Intelligence: Envisioning a future that is closer than you think
  • ADAXIS: On a mission to reduce the layers of complexity in robotic Additive Manufacturing
  • Exploiting your metal Additive Manufacturing data assets: Faster industrialisation and new revenue streams

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap