Prima Industrie S.p.A. completed the spin-off of its additive manufacturing business unit under the new name Prima Additive Srl.
Prima Additive is now developing, manufacturing, selling and distributing industrial Metal Additive Manufacturing systems worldwide under its new legal form. Prima Additive covers the two main laser-based AM technologies (Powder Bed Fusion & Direct Energy Deposition) and has strong partnerships with strategic actors (Joint ventures with technology providers, Universities and Competences Centres).
Prima Additive Srl will maintain close collaborative relationships with Prima Industrie S.p.A., -a group with nearly 1,800 employees worldwide, manufacturing facilities in Italy, Finland, USA and China and a sales and service network in over 80 countries- which will be the reference and majority shareholder of the new company, with a stake of 50.01%. Benefiting from Prima Industrie’s longstanding experience on laser machinery and services, Prima Additive provides support to its customers, developing innovative applications driven by the recent needs and demands in the main industrial sectors (i.e. aerospace, automotive, energy) where Additive Manufacturing is dynamically evolving.
The company’s Board of Directors is chaired by Gianfranco Carbonato, that is also Executive Chairman of Prima Industrie S.p.A., while Paolo Calefati has been appointed Chief Executive Officer.
Following the completion of the transaction, Paolo Calefati declared: “The merger between the spin-off Prima Additive and 3D New Technologies represents growth and an investment in this sector by Prima Industrie, which continues to be our majority shareholder. The operation combines the global dimension and the long tradition of innovation in the engineering and production of laser machines of the Prima Industrie Group with the agility and dynamism of the 3D startup New Technologies for Powder Bed Fusion machines in the additive manufacturing sector. Furthermore, this operation is a first step in attracting both financial and industrial investors who are already leaders in this market. This is an important project to guide and concentrate the skills acquired and the technologies developed in recent years towards significant market and business growth”.
The purpose of this merger is to make synergistic the activities of the two units involved in the operation to accelerate the development and commercialization process of the products and the growth plans of the new company that will operate in a market with great development prospects.
The transaction is also linked to a larger project that will open in the coming months when new investors join this company to further accelerate business development plans.
More information: www.primaadditive.com