Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry.
The two parties will integrate their strengths in additive manufacturing and digital inventory solutions to boost service offerings and expand their market presence in the MENA region, according to a press release.
The digital manufacturer will leverage its network to serve as the exclusive distributor within the maritime and offshore sectors for Pelagus 3D's products in the region.
Furthermore, Immensa will act as the exclusive service provider for projects initiated through Pelagus 3D's platform in the territory.
The collaboration aims to streamline supply chain processes and expand OEM networks in addition to enhancing service provision to end MENA region users.
The global energy sector spare parts market is estimated at a value exceeding $90 billion, while the MENA region accounts for more than $4 billion.
Immensa and Pelagus 3D’s partnership is expected to open up at least $2 billion of incremental potential revenues
Fahmi Al Shawwa, CEO of Immensa, said: "Today’s news brings two world-class partners together and we look forward to working closely with Pelagus 3D – which is developing the largest database of spare parts for additive manufacturing in the maritime and offshore industry - to transform inventory management across sectors.”
Haakon Ellekjaer, Chief Commercial Officer of Pelagus 3D, commented: “Through this partnership, we are offering enhanced additive manufacturing services and technologies for our OEMs and end users, fostering technological advancement in the industry.”
Additionally, Immensa unveiled a new brand name for its AI-enabled software, known as Immensa360.
In November 2023, Immensa secured a $20 million funding round led by Global Ventures to fuel its global growth plans and widen its AI tools.
In line with its regional expansion strategy, the company launched a $15 million facility in Saudi Arabia last June.
