Essentium Inc., a provider of 3D printers and materials, announced a merger that will lead it to become a publicly traded company early in 2022. Essentium said it has entered a definitive business combination agreement with Atlantic Coastal Acquisition Corp., a transaction that is expected to wrap up at the end of the first quarter of 2022.
“Essentium is transforming the future landscape of supply chains by delivering truly distributed, sustainable manufacturing and operating solutions within all contexts including the ability to operate successfully in contested logistics environments,” said Blake Teipel, CEO of Pflugerville, Texas-based Essentium.
The new company will retain the Essentium name and will continue to be led by its existing management team.
