Immensa Technology Labs acquires KSA's Shakl3D and LayLabs to expand into the country
Immensa Technology Labs, a UAE-based additive manufacturing (3D printing) solution provider, has announced its foray into the KSA market through the full acquisition of two 3D-leading printing companies in KSA, Shakl3D and LayLabs.
Get the Top Startup Stories directly to your inbox! Subscribe to MAGNiTT Newsletters
The move is part of Immensa’s mandate to further extend its presence regionally and expand its reach to cater to more sectors following the position it attained in the UAE. The partnership will create a massive, regional, 3D-printing company with a global reach, on par with leading European and North American companies.
Shakl3D and LayLabs were established in KSA in 2016 and 2018 respectively and are considered among the top leading, most developed 3D-printing companies in Saudi Arabia. The companies have been serving the oil and gas sector as well as industrial sectors, representing an alignment with what Immensa specialises as a company with extensive experience and capabilities. However, the company will also be working with manufacturing and industrial organisations, medical, maritime, aviation, and utilities.
Discover more than 95 KSA-based Technology startups on MAGNiTT
Fahmi Al Shawwa, CEO and Founder of Immensa Technology Labs, said, “Immensa currently serves the entire GCC. However, with this acquisition, the company is seeking to make KSA a key market, not just to serve but to develop domestically the capabilities and rapidly expand the adoption of additive manufacturing within the kingdom, which we see not as a business expansion but as a home to Immensa’s growing capabilities.
“By acquiring their existing setups and investing in what they have started, we can expedite the development of the industrial 3D-printing sector in the kingdom and provide both teams with the international platform of Immensa."
Eng. Omar Abuhabaya, General Manager of the newly formed Immensa KSA and COO of Immensa Group, added, “We are pleased that this partnership came to life, and we have no doubts that the 3D-printing sector regionally will reach new heights. The additive manufacturing know-how of both shakl3d and Immensa will enable massive deployment of AM digitization solutions in the industry, and we are certain that the Saudi market will benefit from the various uses of 3D-printing across all sectors.”
Since its inception in 2016, Immensa has played a vital role in a number of milestone additive manufacturing projects across the region. The company has developed industrial and mechanical applications for customers across various sectors, including defence, oil, and gas, aviation, medical, and transportation, with the company being a member of the global consortium that developed the guidelines for printing 3D metal parts for the oil & gas and maritime industries. The company already has its presence in Dubai and Sharjah, Kuwait, Riyadh, and Dammam (after this partnership), and will soon announce its entry into the USA.
Are you a startup looking for investment? Apply for funding to 95+ investors now.