Forward AM Technologies, which spun out of BASF last summer and filed for insolvency towards the end of 2024, confirmed it was under new ownership in an email to partners and stakeholders.
With this new strategic backing, MX3D aims to fast-track global deployment of its range of 3D printing systems and expand its Print-on-Demand services.
Research from Florida International University found over 1,oysters, mussels, sponges, algae, and eight fish species colonising the first 100 linear feet of Kind Designs’ seawall within nine months of deployment.
With this latest backing, 3D Spark has expected to expand its technology coverage to include broader conventional manufacturing methods like casting, milling and sheet metal fabrication, while enhancements to its marketplace will also be made.
The products, which specialise in 3D printed ceramics, micro additive manufacturing and deep learning-based artificial intelligence, came from a series of acquisitions made by Nano between 2021 and 2022.
The metal additive manufacturing company says Cooper, a retired Green Beret with over 25 years of service in the U.S. Army, will be responsible for expanding its presence in the defense and aerospace industries.
The deal, announced in December last year and thought to be worth around 20 million EUR, did not receive the required majority of votes to be implemented, and the company is now undergoing a restructuring plan.
One of these additional factories is expected to be located in Louisville, Kentucky in order to reduce shipping times for Teleport Print on Demand users.
With Markforged, Nano Dimension says it aims to expand its reach with its metal and composite technologies, of which there are over 15,machines installed globally, alongside its AI and cloud-based manufacturing capabilities.
Reports suggest the strategic review could lead to the divestiture of Desktop Metal, just weeks after Nano Dimension completed the acquisition of the company.
The shares were purchased through a direct purchase of 11,650,485 newly issued ordinary shares at $10.30 per share, leaving Fortissimo with approximately 15.5% of Stratasys’ issued and outstanding ordinary shares.
