BASQUE RISK CAPITAL FUND (SPRI), SEED CAPITAL BIZKAIA AND TECNALIA PARTICIPATE IN ADDILAN’S CAPITAL

ADDILAN, that with this move has completed a capital investment program, now appears as a future reference in the additive manufacturing industry.

ADDILAN, founded in 2016 via the collaboration of two leading machine-tool companies - MAHER Holding and ONA Electroerosion - with the aim of designing, manufacturing and marketing machines and additive parts with a high rate of addition using WAAM (Wire Arc Manufacturing) technology, has completed a capital investment program that has incorporated new investors among its shareholders. The company NORGESTION has advised ADDILAN during this process.

The main objective of this operation is to support the future growth and international expansion in the market for machines and parts with high added value and medium to large dimensions in industrial sectors such as aeronautics, energy and shipping, among others. The main difference between WAAM technology and other additive technologies is that WAAM allows manufacture of larger parts and offers greater addition rates (speed).

Amagoia Paskual, CEO of Addilan, takes a positive view of this operation, and insists that “from the start, it was clear that they wanted partners who would support the potential of this technology”.