The sale, which Xerox announced yesterday (14 August), follows the company’s donation of PARC to SRI International and the sale of the Xerox Research Center of Canada to Myant Capital Partners earlier this year.

Xerox said these deals have come as it focuses its strategic priorities and investments in innovation on core capabilities and offerings including print, IT, and digital services.

Since 2019, the business has worked to commercialise the Elem Additive technology and bring it to market. The company’s liquid metal 3D printer, ElemX, was developed “to be a safer and simpler solution, addressing supply chain resiliency for transportation, aerospace, defence and industrial manufacturing”.

Steve Bandrowczak, CEO at Xerox, said: “The Elem Additive team has seen tremendous success since the organisation was stood up nearly four years ago. In evaluating partners for this sale, it was critical we found a company with a shared mission that would sustain and advance Elem Additive’s innovation into the future.

“We are confident that ADDiTEC is the right partner and look forward to witnessing both teams’ shared success on the road ahead.”

Brian Matthews, founder and CEO at ADDiTEC, added: “We’re very excited for Elem Additive to join our team. We saw incredible value in liquid metal print technology and Elem Additive’s success supplements our growth efforts as we continue to develop new offerings and bring to market our turnkey metal additive manufacturing systems.”

In early 2021, Xerox revealed its strategic collaboration with the Naval Postgraduate School and a year later an ElemX was installed on a US Navy ship.

Additional Elem Additive customers include Siemens, the US Department of Energy’s Oak Ridge National Laboratory, Rochester Institute of Technology, and Vertex Manufacturing.

ADDiTEC will continue to support these customers as the Xerox Elem Additive team transitions to the organisation.

The financial terms of the transaction were not disclosed.