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Additive Industries secures funding to fuel further growth

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Author: Editorial Office

Additive Industries secures funding to fuel further growth

Additive Industries plans to use the capital contribution for expansion of their product portfolio, the acceleration of its technological roadmap and strengthening of working capital. Additionally, Highlands acquired the shares owned by co-founder and CEO Daan Kersten, who will officially leave the company per June 30th 2020. Until a suitable successor is found, Chief Technology Officer (CTO) Mark Vaes assumes the position of CEO.
The new funding also provides for any possible Covid-19 impact that may affect the company’s business in due course. In his comment Kersten stated: “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 revolutionize the productivity for the additive manufacturing of high quality metal parts. After eight intense years of fast growth I feel the time is right to make way and hand over the reins to new leadership.“
Mark Vaes, CTO and driving force behind the development of the MetalFab1 since 2013 says: “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.” Additive Industries clients include, amongst others, several leading automobile and aerospace manufacturers,a leading space company and F1 Team Alfa Romeo Racing ORLEN.
All parties involved agreed not to disclose the financial terms of the underlying transactions.
(Additive Industries)