US's Thornton Tomasetti takes stake in French 3D printing firm Xtreee
The New York City-HQ'd engineering consultancy has previously worked on Dubai's Office of the Future
The investment came from Ttwiin Investment Partners, Tomasetti’s investment arm, and was combined with financing from Shibumi International – a subsidiary of Gulermak Heavy Industries – and a commitment from existing investor Vinci Construction.
The terms of the transaction were not disclosed.
Commenting on the move, president of Thornton Tomasetti, Ray Daddazio, said: “3D printing has moved rapidly from [research and development] labs to the field, and we are currently collaborating on multiple projects in the Middle East, Africa, and North America.
“This investment [...] is yet another step in Thornton Tomasetti’s journey to toward becoming a global leader in innovation in the [architecture, engineering, and construction] industry.”
Founded in 2015, Xtreee offers large-scale additive manufacturing services, primarily in concrete.
According to a statement by Tomasetti, the Paris-based firm is currently “helping to open a new production unit in the [UAE]”, where a major commitment to 3D printing aims to use the technology in 25% of new construction by 2025.
Tomasetti's other projects include a pavilion and public plaza designed by Shop Architects that served as the entrance to the 2016 Design Miami Fair.