Xerox acquires Vader; boosts metal 3D printing power
February 11, 2019 By PrintAction Staff
Xerox announced during its 2019 Investor Day that it has acquired Vader Systems, a Getzville, New York-based metal additive manufacturing company. The company explains the acquisition will allow it to offer low-cost metal additive manufacturing with more metals to its customers.
“It’s a modest acquisition but it’s a really, really important one for us,” Steve Hoover, Chief Technology Officer, Technology Development and Commercialization, Xerox, said during the 2019 Investor Day. “The reality is today, a lot of the 3D printing that is done is for prototyping. When we look at this market, we’re going to come in with a differentiated set of technologies and solutions, and that’s the problem we’re focusing on.”
Founded in 2013, Vader Systems is a machine tool manufacturer and developer of liquid metal additive manufacturing technology. Its offerings include the Magnet-o-Jet Subsystem for hybrid manufacturing equipment integration, the Vader Polaris liquid metal AM system and the Ares Microsphere Production System for the production of spherical metal powders.
Details of the acquisition were not disclosed. Vader Systems’ homepage now redirects to Xerox’s Additive Manufacturing page.
“By simplifying our operations, instilling a culture of continuous improvement, investing in growth areas and capitalizing on new and adjacent market opportunities, we anticipate that we can achieve flat to growing revenue by 2021, while driving continued annual adjusted earnings per share expansion, including at least US$4.00 of adjusted earnings per share in 2020, and delivering over US$3 billion of cumulative free cash flow over the next three years,” John Visentin, Vice Chairman and CEO, Xerox, added.
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