The company aims to harness this investment to accelerate its growth across the world, introducing its 3D printing technology into new markets.
Since Additive Industries was founded in 2012, Highlands has been a stable financing partner for the company. In this latest phase of investment, its backing of the Eindhoven-based AM company has been supplemented by BOM Brabant Venture, an investment company whose aim is to accelerate growth of companies set to have a social impact within the Brabant province.
Additive Industries launched its MetalFAB1 system in 2015 and has since established itself within a number of vertical markets, including the aerospace and automotive industries. APWorks, a business formerly owned by Airbus and now under the Premium Aerotec umbrella, was among the early adopters of the system, while in the closing months of 2018, Sauber F1 installed a third machine, while Additive Industries was listed among a host of collaborators as GKN Aerospace opened a £32m UK facility in December.
Additive Industries is set to harness the investment to improve its R&D, focusing on both technology and application opportunities, as well as strengthening its support infrastructure.
“We are grateful for the continuous support we have received from Highlands since our inception as well as fir the new partnership and trust of BOM Brabant Ventures,” commented Ilko Bosman, CFO, Additive Industries. “We will invest the funds in advancing our process and application development activities, increasing R&D and expanding our support infrastructure. Customer satisfaction is our number one priority.”
“From the start, we have worked hard to build a stable and solid financial basis for the long-term plans of Additive Industries,” said Jonas Wintermans, co-founder of Additive Industries, and Board Member of Highlands. “We have great confidence in the ambitions of the team. This load is both a proof-point in the company history that underlines the trust we have in the team, as well as an essential fuel for further development of the business.”
“We are proud to be financing Additive Industries’ growth plans and assist the ambitious management team to expand their global footprint,” added Miriam Dragsta, CCO, Brabant Development Agency (BOM).