January 2021

Market and Technology News

January 2021

Market News

Oqton

Oqton raises USD 40 million in Series A funding round (January 15, 2021)

Oqton, a software company specializing in AI-powered solutions in the manufacturing industry, has raised over USD 40 million in a Series A funding round. The funding will be used to expand its cloud-based platform that allows customers to optimize their additive manufacturing workflow.

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Desktop Metal

Desktop Metal to acquire EnvisionTEC for USD 300 million (January 15, 2021)

Desktop Metal has signed a definite agreement to acquire EnvisionTEC for USD 300 million, including cash and issued Desktop Metal stock. While EnvisionTEC adds vertically-focused partners for possible sales of Desktop Metal’s AM solutions, EnvisionTEC’s products are aimed to be distributed by Desktop Metal’s horizontally-focused partners.

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Protolabs

Protolabs to acquire online manufacturing platform 3D Hubs (January 19, 2021)

Protolabs has entered an agreement to acquire 3D Hubs for USD 280 million, including cash and stock, and up to USD 50 million of contingent consideration. The two companies aim to create a large digital manufacturing platform for custom parts. The transaction is expected to close by the end of January.

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Burloak Technologies

Burloak Technologies approved as metal AM supplier by Boeing (January 28, 2021)

Burloak Technologies, a Samuel, Son & Co division, will deliver additively manufactured aluminium AlSi10Mg components to the Boeing BAC 5673 specification. Burloak and Boeing will now work on applying the BAC 5673 specification to programmes for existing and future components.

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Technology News

Naval Group

Naval Group WAAM propeller to marine vessel (January 13, 2021)

Naval Group equips the Andromeda, a tripartite minehunter from the National Marine of a new generation propeller realized thanks to the additive metal fabrication. The propeller will accompany the vessel in all its operational missions. The propeller weighs 220 kg and was produced via WAAM.

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QuesTek

QuesTek awarded USD 1.2 million for the development of Niobium-based alloys for AM (January 21, 2021)

The funding awarded from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) will be used to develop novel material solutions for turbine blade alloys and compatible coating systems that can operate in the high temperature and high stress environments of a gas-turbine blade.

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Related topics

Additive Manufacturing start-ups

30. April 2020

Additive Manufacturing is a highly dynamic and innovative industry. This leads to start-ups that form the technology landscape. Emerging mostly from university background, start-ups are most active in area of system development. Other fields include software, materials and applications.

Additive Manufacturing market by material

6. November 2019

The metal Additive Manufacturing material market is expected to almost tripple in feedstock use in the next five years. Regardless the high growth, the feedstock accounts for only a very small fraction of the worldwide metal material market. Most of the alloy consumption in AM is driven by high end applications in aviation and medical. Thus, high strength and high temperature alloys are taking large shares.

Additive Manufacturing market by industry

30. October 2019

Many different industries have successfully adopted metal Additive Manufacturing. Medical and dental can be regarded as pioneering industry with serial productions starting in the early 2000s. Other industries, especially aerospace continue to play a strong part in metal Additive Manufacturing.

Additive Manufacturing industrialization

29. October 2019

Over 18 different metal AM technologies are currently known, which are in highly different stages of maturity. Processes like Powder Bed Fusion or Powder Laser Deposition are well-established in multiple industries and used in qualified productions of serial parts. Other AM technologies have just been introduced into the market or are still in a phase of development.

Additive Manufacturing Market By Technology

29. October 2019

The metal Additive Manufacturing technology market will face large shifts in distribution and usage of AM principles due to new and upcoming technologies entering the market. Today, the large majority of machines sold and used are Laser Beam Powder Bed Fusion systems. However, technologies such as Binder Jetting or Wire Arc Deposition will significantly increase their market share over the next 5 years.

Additive Manufacturing Market by Region

29. October 2019

At the early days of metal Additive Manufacturing, Germany was the leading market region with its first movers in LB-PBF technology CONCEPT LASER (now GE), EOS, REALIZER (now DMG MORI) and SLM SOLUTIONS. Hence, many pioneering users were located in Germany and Europe. By now, however, the market share is more evenly distributed with suppliers and buyers from all over the major industrial regions.