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Materialise NV

#7477

Rank

$312.47M

Marketcap

BE Belgium

Country

Materialise NV
Leadership team

Mr. Peter E. Leys (Exec. Chairman)

Mr. Wilfried Vancraen (Founder, CEO & Director)

Mr. Johan Albrecht (Exec. VP & CFO)

Products/ Services
3D Printing, Hardware, Software
Number of Employees
1,000 - 20,000
Headquarters
Leuven, Vlaams-Brabant, Belgium
Established
1990
Company Registration
SEC CIK number: 0001091223
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
MTLS
Social Media
Overview
Location
Summary
Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. Its Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations. Its software interfaces between various types of 3D printers; and various software applications and capturing technologies, including computer-aided design/computer-aided manufacturing packages and 3D scanners. This segment serves 3D printing machine manufacturers; production companies and contract manufacturers in automotive, aerospace, consumer goods, and hearing aid industries; and 3D printing service bureaus through its sales force, Website, and third-party distributors. The company's Materialise Medical segment provides medical software that allows medical-image based analysis and engineering, as well as patient-specific design of surgical devices and implants. It serves medical device companies, hospitals, universities, research institutes, and industrial companies through its direct sales force, Website, and picture archiving and communication system partners. Its Materialise Manufacturing segment provides 3D printing services, design and engineering services, and rapid prototyping and additive manufacturing of production parts to industrial and commercial customers. The company has collaboration agreements with Zimmer Biomet Holdings, Inc.; Encore Medical, L.P.; DePuy Synthes Companies of Johnson & Johnson; Limacorporate Spa; Mathys AG; Corin Ltd; Medtronic Inc.; and Abbott Laboratories Inc. Materialise NV was incorporated in 1990 and is headquartered in Leuven, Belgium.
History

1990s

Materialise was founded in June 1990 by Wilfried Vancraen and his wife Hilde Ingelaere as a Rapid Prototyping service bureau. It was the first company of its kind in the Benelux region of Europe, through the acquisition of a single Stereolithography machine .In 1992, Materialise began mapping human anatomy digitally in three dimensions, using sliced CT image data, which lead to the development of its medical image processing software: Mimics. Concurrently, the team was also developing its industrial software solution, Magics. Both of these software solutions were later commercialized to promote growth.1995 was the year that Materialise became the first company to produce 3D printed parts in more than one colour, specifically at this time for anatomical models produced using the stereolithography process to delineate the complexities of the anatomy and allow surgeons to more precisely plan for operations.The company developed and produced the first customised 3D printed surgical guide for a dental operation in 1996. These personalised guides were utilised during surgery to show surgeons bone cutting and drilling locations to apply implants. This knowledge was used to develop Materialise SimPlant software, allowing the surgeon to virtually plan the surgery and minimize invasive exploratory surgery.The company launched one of the first 3D printing online ordering systems in 1997, Materialise NextDay, which later became Materialise OnSite. This service allowed 3D printing service customers to send digital 3D data, which could be printed and shipped the next day.Demand for prototypes grew, leading Materialise to develop its Mammoth Stereolithography systems, which are capable of printing single-piece models with dimensions of more than 2 meters in the Y axis.

2000s

In the year 2000, hearing aid specialist Phonak approached Materialise to develop the Rapid Shell Modeling software. This allowed the design process for customized, patient-specific hearing aid shells to become automated. The resulting designs could then be 3D printed to produce the customised hearing aids. This was the first high volume, end-use application of 3D printing, and today, 99% of the world's hearing aids are now produced using 3D printing.Materialise acquired US company Columbia Scientific Inc, in 2001, the creators of Sim/Plant and ImageMaster, which became the US headquarters for Materialise's dental division in that region.In 2003 Materialise launched one of the first 3D printed consumer brands — .MGX by Materialise — for 3D printing end-use products as well as prototypes. In parallel, the company also acquired Fused Deposition Modelling systems for industrial applications.The following year, in 2004, Materialise introduced its 3-matic software, allowing 3D printer users to edit files directly in the STL format. Previously, if design changes were required in the digital model, designers had to make them in the CAD suite of choice before re-converting the entire file to STL again.

In 2006 Materialise launched RapidFit, developed as a 3D printed solution for shipping large parts with customized jigs and fixtures to prevent deformation or breakage while in transit.In 2006 Materialise developed the first Titanium 3D printed skull implants, following the acquisition of OBL, which specialized in the creation of custom cranio-maxillfacial implants, producing customized implants with intricate porous structures, that behave like natural bone and mimic its mechanical and thermal properties.In 2008 Materialise introduced the e-Stage software which was the first software to automatically generate support structures for different geometries in Stereolitography. In the same year, the company launched i.materialise for the consumer market, making it possible for anyone to print their ideas using professional-quality equipment. Materialise also developed its first Build Processor to support running different 3D printing processes more efficiently within a single location.

2010s

In 2012, Materialise introduced Streamics to provide traceable quality control to industrial 3D printer users producing end-use parts within regulated industries.Materialise went public on June 25, 2014 to enable expansion of its services and software development. The same year the company acquired OrthoView, a market leader in orthopaedic digital pre-operative planning software and officially established a new office in China in December with a focus on 3D printing Software and R&D, namely Materialise Shanghai Co. Ltd.In 2016, the company opened a new and dedicated metal production facility in Bremen, Germany. Materialise HQ, Leuven, also acquired and started testing the multi jet fusion process from HP. Production of parts with MJF started in the following year, 2017.With the expansion of the AM Metal market, Materialise acquired ACTech in Germany to extend the company's metal capabilities, with a specific emphasis on low-volume production of highly complex metal parts. The acquisition also enabled Materialise to develop and improve its software suite for metal 3D printing.

Mission
“Our mission is to innovate product development that results in a better and healthier world, through our software and hardware infrastructure, and an in-depth knowledge of Additive Manufacturing.”
Vision
The company's vision is to become the leading 3D printing service provider and to accelerate the use of 3D printing technology in all industries to create innovative products and customer-centric services.
Key Team

Mr. Johan Pauwels (Exec. VP & COO)

Ms. Hilde Ingelaere (Exec. VP of Medical & Director)

Ms. Carla Van Steenbergen (VP, Chief Legal Officer, Compliance Officer & Sec.)

Mr. Filip Dehing (Chief Exec. Officer of RapidFit NV)

Mr. Bart Van der Schueren (Exec. VP & CTO)

Ms. Conny Hooghe (VP of HR)

Recognition and Awards
Materialise NV has won several awards over the years, such as the Microsoft Windows Server Partner of the Year Award, the Deloitte Technology Fast 50 Award, the Deloitte Technology Fast500 Award, and the 2019 Frost & Sullivan Best Practices Excellence in 3D Printing Service Provider Award.
References

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Materialise NV
Leadership team

Mr. Peter E. Leys (Exec. Chairman)

Mr. Wilfried Vancraen (Founder, CEO & Director)

Mr. Johan Albrecht (Exec. VP & CFO)

Products/ Services
3D Printing, Hardware, Software
Number of Employees
1,000 - 20,000
Headquarters
Leuven, Vlaams-Brabant, Belgium
Established
1990
Company Registration
SEC CIK number: 0001091223
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
MTLS
Social Media