AddUp
AddUp makes 100% acquisition of BeAM
AddUp makes 100% acquisition of BeAM
AddUp, Fives and Michelin’s joint-venture 3D printing manufacturing company, has announced the 100% acquisition of BeAM.
BeAM counts itself as one of the leading design and production companies around the Directed Energy Deposition (DED) process, which is suitable for the creation of large parts and repairs, and thus has been applied in the aeronautics, defence and energy markets.
The company was founded in Strasbourg in 2012, and has since established subsidiary divisions in Cincinnati and Singapore. It has released to market three large-format machines, the Modulo 250, Modulo 400 and Magic 800, and has attracted custom in France and abroad.
AddUp, meanwhile, was born out of a collaboration between industry leaders, Michelin and Fives in April 2016. Pulling together their respective knowledge and resources, the AddUp Group is aiming to grow into a major force in the metal additive manufacturing industry. To help achieve that ambition, AddUp has moved to acquire a company already established in the market in BeAM. It strengthens AddUp’s geographic coverage, adds more products to its range, and ultimately, the company believes, will help to better satisfy its customers. With BeAM on board, the company now offers systems powered by the DED process, in addition to the Laser Beam Melting (LBM) machines it already provides.
For the leading men at both companies involved in this deal, the coming together of two machine manufacturers backed with years of experience in additive manufacturing, design and engineering promises a successful future.
“Together, BeAM and AddUp will be uniquely positioned in the additive manufacturing market by offering their customers a comprehensive range of metal additive manufacturing solutions, with, in particular, training and consulting, 3D printing systems and the making of parts for proof of concept,” commented Vincent Ferreiro, AddUp’s CEO.
BeAM’s CEO, Vincent Gillet added: “BeAM was at a key stage in its development with the broadening of its product line and its geographic expansion. The arrival of AddUp and its shareholders, Fives and Michelin, enables us to secure BeAM’s development and to benefit from their industrial expertise and the pooling of our respective resources.”
