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3D metal printing equipment manufacturer Additive Industries, manufacturer of 3D metal printing equipment, received a €14 million (~USD $15 million) investment from its shareholder, Highlands Beheer. Funds will support product portfolio expansion, acceleration of the company’s technological roadmap and strengthening of working capital.
The new funding also provides for any possible COVID-19 impact that may affect the company’s business in due course.
The company’s MetalFAB1 system can be used to manufacture hip and knee implants and patient-specific surgical guides.
Mark Vaes, CTO and leader of the development of the MetalFab1 since 2013 said, “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.”
