Voxeljet

Beginnings

voxeljet AG traces its roots back to the year 1995, with the first successful drop-dosing of UV adhesives. The first 3D printing trials were conducted at the Precision Engineering department of the Technical University Munich as part of the "Generation of 3D structures" project. In 1996, Dr. Ingo Ederer participated in the first Munich business plan competition and was awarded his first patent in 1998. The first sand molds were printed in the same year.

Formation of the company

Generis GmbH, the predecessor of today's voxeljet AG, was founded on 5 May 1999 by Ingo Ederer, Rainer Höchsmann and engineer Joachim Heinzl at Munich's Technical University. The purpose of the company was the development of new generative processes for the production of cast and plastic components. The company started its operations at Technical University Munich with four employees. Shortly afterwards, it refurbished and relocated into the premises in Augsburg. In the year 2002, the company completed its first orders for the delivery of sand-based printers to BMW AG and Daimler AG, before opening the service center in Augsburg in the year 2003. In the same year, Bayern Kapital GmbH, the Startkapital Fonds Augsburg and Franz Industriebeteiligungen AG joined as new shareholders.

Establishment phase

The first VX800 system was sold to Alphaform AG in 2005. This was followed by the sale of the first VX500 to the University of Rostock two years later. In 2008, voxeljet technology GmbH received an award as part of the Bavarian Innovation Prize from the hands of Bavarian premier Günther Beckstein. The company celebrated its 10-year anniversary one year later. In the spring of 2010, voxeljet moved into a new administration building and production halls in Friedberg. During the same year, voxeljet was added to the list of Germany's top 100 innovators and received the "Top 100" seal of approval.

Growth phase

In the year 2011, voxeljet introduced a series of technical innovations. In April 2011, the company opened up a new dimension of generative production methods with the VX4000 3D printing system. This system makes it possible to produce objects with a size of 4 x 2 x 1 meters at a build speed that is up to three times faster than earlier systems, while maintaining the same resolution. At the international trade fair for foundry technologies ‘’GIFA’’, voxeljet introduced the world's first continuous 3D printer, the VXC800. The development of this continuous 3D printing technology represented the manufacturing of molds and models without tools. This machine generation runs the process steps "building" and "unpacking" in parallel, without having to interrupt system operations. Therefore, this printing system represents an important step towards industrial series production on the basis of a generative production process. In the same year, voxeljet celebrated the global premiere of its 3D printer VX1000 at EuroMold, the trade fair for tooling and mold-making, design and product development in Frankfurt am Main. By combining high performance and a large build space, this printing system was able to meet the growing requirements of industry. In addition to these system innovations, the company also presented the newly developed material system Polypor type C in the year 2011. It allows voxeljet to meet customer demand for pure white plastic models. Moreover, this material also satisfies higher requirements regarding the stability and surface properties of the models. A year later in 2012, the first VX1000 printing system was sold to the British company Propshop Ltd.. It was the fifth voxeljet system that was in use in the United Kingdom. The movie industry opened a completely new customer market for voxeljet. In the year 2012, voxeljet introduced its smallest system, the VX200, to the market. This printing system uses the same method as the larger series, but is very compact and easy to operate.

IPO

In the year 2013, the company went ahead with its IPO on the New York Stock Exchange. To this end, voxeljet technology GmbH was converted into a stock corporation that now operates as voxeljet AG. On 17 October 2013, voxeljet placed 6.5 million ADS on the NYSE at an issue price of US$13. Five American Depositary Receipt corresponded to one share. The IPO enabled voxeljet AG to take in US$64.5 million after deduction of the price discount granted to the issuing banks and issue costs. Six months after the IPO, voxeljet AG generated another US$41.1 million as part of a capital increase, after deduction of the price discount granted to the issuing banks and issue costs. In the process, the company issued another three million American Depositary Shares at the New York Stock Exchange at a unit price of US$15.

Globalization

To add to its global network of sales partners voxeljet AG began to set up its own international locations in the year 2014. On 1 October 2014, voxeljet AG took over the British company Propshop Ltd., thus establishing its first location outside Germany. With the takeover, Propshop became a wholly owned subsidiary of voxeljet AG. The company, which specializes in the film and entertainment industry, had already gained experience with voxeljet printing systems when it purchased the VX1000 in the year 2012. In the same year, voxeljet AG founded a new company in the USA. In January 2015, voxeljet began to operate a service center for the on-demand production of molds and models in Canton , with the goal of reaching a printing capacity similar to the capacity at the home location in Friedberg by the end of 2016. In December 2015 voxeljet announced a joint venture with Suzhou Meimai Fast Manufacturing Technology in China. The joint venture shall be called voxeljet China Ltd. and will be headquartered in the city of Suzhou, near Shanghai. At the same time voxeljet AG established voxeljet India Pvt. Ltd. The new subsidiary is located in Pune, a large automotive and manufacturing center near Mumbai.