AddUp, a joint-venture between Fives and Michelin, announced the acquisition of BeAM, a leader in the Directed Energy Deposition (DED) technology, an additive manufacturing process dedicated to the production of large parts and the repair market.
Created in 2012 in Strasbourg, France with subsidiaries in Cincinnati and Singapore, BeAM is a manufacturer of industrial metal additive manufacturing machines which use the DED technology and has a broad range of customers both in France and abroad, in particular, in the aeronautics, defense and energy sectors.
The 100% acquisition of BeAM will enable AddUp to expand its portfolio of metal additive manufacturing technologies to better satisfy the needs of its customers and to strengthen its worldwide geographic coverage. BeAM’s DED technology complements the laser beam melting (LBM) technology mastered by AddUp and covers specific market segments, such as large, highly complex parts, the component repair market and feature addition. BeAM and AddUp share the same ambition to support customers in the development of metal additive manufacturing solutions which take into account industrial robustness, HSE (Health, Safety & Environment) and certification.
“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 (POC)”, emphasized Vincent Ferreiro, AddUp’s CEO. This acquisition also strengthens AddUp’s role as a leading player in the French metal 3D printing ecosystem with more than 100 engineers working on the development of new solutions.
“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”, specified Vincent Gillet, BeAM’s CEO.
The exact terms and conditions of the transaction have not been disclosed.