ICYMI: The additive manufacturing community saw movement for people, organizations, and funding in the last few weeks. Stratasys, 3D Systems, Carbon, and GoEngineer all announced acquisitions to expand their position to meet the needs of AM professionals. Trumpf, Prellis Biologics, and 3D Systems moved experienced leaders into new positions. ExLattice and Nuburu received SBIR awards to accelerate development of AM technology and tools.
Here’s a quick look at these stories and more.
Stratasys to Acquire Covestro’s Additive Manufacturing Materials Business: Stratasys signed a definitive agreement to acquire the additive manufacturing materials business of Covestro AG. The acquisition is expected to be immediately accretive upon closing. It will include R&D facilities and activities, global development and sales teams across Europe, the U.S. and China, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio. READ MORE
Accelerating High Volume Additive Manufacturing: 3D Systems to Acquire dp polar GmbH: 3D Systems has entered an agreement to acquire dp polar GmbH, the German-based designer and manufacturer of a high volume additive manufacturing system designed for high-speed mass production of customized components. Central to dp polar’s patented continuous printing process is a large-scale, segmented, rotating print platform that eliminates the start/stop operations of virtually all additive manufacturing platforms. READ MORE
Prellis Biologics Appoints New CEO: Prellis Biologics appointed Michael Nohaile, PhD as its new CEO. Dr. Nohaile joins from Generate Biomedicines and succeeds Prellis Bio founder Dr. Melanie Matheu, who will assume the role of Chief Technology Officer and retain a Board seat. READ MORE
3D Systems Announces Appointments to Medical Advisory Board: 3D Systems announced the appointment of Dr. Toby Cosgrove, former president & chief executive officer of the Cleveland Clinic, and Dr. Bon Ku, director of the Health Design Lab at Thomas Jefferson University, as the fourth and fifth members of the company’s recently established Medical Advisory Board (MAB). Dr. Cosgrove and Dr. Ku will join former Health & Human Services Secretary Alex Azar, Dr. Stephen K. Klasko, and former U.S. Secretary of Veterans Affairs David J. Shulkin as members of the advisory board. READ MORE
ExLattice Receives NSF SBIR Phase I Award to Accelerate Engineering Simulation for Additive Manufacturing: ExLattice, Inc received a Phase I award from the National Science Foundation (NSF) Small Business Innovation Research (SBIR) Program for further developing its accelerated simulation engine dedicated to additive manufacturing. The Phase I SBIR grant, valued at over $250,000, will be used to develop, and validate ultrafast manufacturing simulation solutions in collaboration with multiple universities. READ MORE
Desktop Metal Expands Partnership with Henkel, Qualifies Loctite® Materials on Xtreme 8K: Desktop Metal announced it is expanding its partnership with Henkel on photopolymer material development, beginning with the qualification of Henkel’s Loctite® 3D IND405 Black and Loctite 3D 3843 for use on the Xtreme 8K, the world’s largest DLP printer for high-volume production of end-use parts. READ MORE
NUBURU Awarded SBIR Phase II Contract to Develop Blue Laser-Based Area Printing Additive Manufacturing System: NUBURU® has been awarded an AFWERX Small Business Innovation Research (SBIR) Phase II contract to develop a blue laser-based 3D printing solution with area printing technology. The goal of the one-year project is to demonstrate improved speed and accuracy of a metal 3D printer based on NUBURU’s blue laser technology. READ MORE
TRUMPF Inc. Announces Executive Promotions and New CFO: TRUMPF has appointed Bettina Steingruber to serve as chief financial officer, a position previously held by Lutz Labisch, who became TRUMPF Inc. president & CEO on March 1, 2022. Steingruber will be responsible for overseeing the finance and controlling, IT infrastructure and business systems, customer contracts & collections, customer financing, logistics & customs, and shared services departments for TRUMPF subsidiaries in the United States, Mexico, and Canada. READ MORE
Carbon Acquires ParaMatters to Expand Design Software Optimized for Additive Manufacturing: Carbon announced the acquisition of ParaMatters, a design software provider for additive manufacturing. This acquisition expands Carbon’s current software capabilities to include topology optimization. Carbon’s technology platform now broadens to enable product design and development teams to create better products in less time using a wide variety of materials and production systems. READ MORE
GoEngineer Acquires Computer Aided Technology, Inc.: Court Square Capital Partners announced its portfolio company GoEngineer, has acquired Computer Aided Technology, Inc. (“CATI”), a product development solutions provider specializing in 3D software and 3D printing hardware. CATI is a leader in the CAD and additive manufacturing solutions space, with over 30 years of experience in product development solutions designed to deliver unique services and innovative technologies to customers. READ MORE
