AddUp expands its technology offering with BeAM acquisition
June 15, 2018
AddUp, Clermont-Ferrand, France, a specialist in the design, production and marketing of metal Additive Manufacturing machines and production lines, a joint-venture between Fives and Michelin, today announced its acquisition of BeAM, based in Strasbourg, a leader in the Directed Energy Deposition (DED) technology, an additive manufacturing process dedicated to the production of large parts and the repair market.
Formed in 2012 in Strasbourg and with subsidiaries in Cincinnati, Ohio, USA, and Singapore, BeAM is said to serve a broad range of customers both in France and abroad, particularly in the aeronautics, defence and energy sectors. The 100% acquisition of BeAM is expected to enable AddUp to expand its portfolio of metal Additive Manufacturing technologies to better meet the needs of its customers and strengthen its worldwide geographic coverage.
The companies stated that they share the same ambition to support customers in the development of metal Additive Manufacturing solutions which take into account industrial robustness, HSE (Health, Safety & Environment) and certification. Vincent Ferreiro, AddUp CEO, commented, “Together, BeAM and AddUp will be uniquely positioned in the Additive Manufacturing market by offering their customers a comprehensive range of metal AM solutions with, in particular, training and consulting, 3D printing systems and the making of parts for Proof Of Concept.”
“BeAM was at a key stage in its development with the broadening of its product line and its geographic expansion,” added Vincent Gillet, BeAM’s CEO. “The arrival of AddUp and its shareholders, Fives and Michelin, enables us to secure BeAM’s development and to benefit from their industrial expertise and the pooling of our respective resources.”
The exact terms and conditions of the transaction have not yet been disclosed.