• Immensa’s existing customers to have immediate access to the maritime vertical

Dubai, U.A.E. – Immensa (“the Company”), MENA’s largest digital manufacturer, announces it has signed a Strategic Collaboration Agreement (“the Partnership”) with Pelagus 3D – an on-demand digital manufacturing partner for the maritime and offshore industry.

The Partnership will see Immensa and Pelagus 3D combine their respective strengths in additive manufacturing and digital inventory solutions to enhance service offerings and expand their market presence in the MENA region. 

Immensa anticipates its core markets of the UAE, KSA, and Kuwait to serve as initial launch countries, followed by a rapid expansion to its wider MENA region operations. Immensa’s existing customers will now be able to seamlessly tap into the maritime vertical.

Leveraging its network, Immensa will serve as the exclusive distributor within the maritime and offshore sectors for Pelagus 3D's products in the region. Immensa will also act as the exclusive service provider for projects initiated through Pelagus 3D's platform in the territory. The ultimate aims are to (i) streamline supply chain processes (ii) expand OEM networks and (iii) deliver significant improvements in service provision to end MENA region users.

The Partnership is mutually exclusive for both parties within the designated territories – providing a strong foundation to align efforts – and to maximize the reach and efficiency of the partners’ combined services.

The market environment is ideal for a partnership between two global leaders: Immensa – the leader in digitizing spare parts and additive manufacturing for the energy sector and Pelagus 3D – the leader of digital inventory in the maritime and offshore industry.

The global energy sector spare parts market is estimated to be worth over US$90 billion, of which $18 billion is immediately ripe for digitizing and converting to a digital supply chain. The MENA region accounts for over $4 billion. Immensa and Pelagus 3D conservatively estimate the Partnership will open up at least $2 billion of new, incremental potential revenues – a increase in the region of over 50%.

Fahmi Al Shawwa, CEO of Immensa, said:

"Immensa seeks to be world-class in everything it does: technology, strategy, execution, talent, and its partners. 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:

“This marks a significant milestone in our mission to drive adoption of on-demand spare parts in the MENA region. Through this partnership, we are offering enhanced additive manufacturing services and technologies for our OEMs and end users, fostering technological advancement in the industry. We look forward to working together with Immensa to further AM innovation and accelerate adoption.”

Immensa also reveals the new brand name for its AI-enabled software. Formerly known as DIS-RT, the Company’s first-of-a-kind platform which is an end-to-end solution to assess and digitize inventories – will  now be known as Immensa360.

Today’s announcement is the latest example of Immensa’s world-class talent and partnership base. It follows the Company’s recent senior Board appointment of Nabil Habayeb, who joined as an independent Non-Executive Director, after 41 years at GE - where most recently (2020-23) he was President & CEO of GE International Markets.

Pelagus 3D is a joint venture of thyssenkrupp and Wilhelmsen. Pelagus serves over 4,000 assets globally from 25 end user partners and 21 OEM partners. With over 80 manufacturing suppliers worldwide, Pelagus 3D is developing the largest database of spare parts available for additive manufacturing in the maritime and offshore industry.

The maritime sector involves capital-intensive assets with a heavy use of equipment in highly corrosive environments. Shipping depends on a well-functioning maintenance organization to ensure safe operations. Unexpected maritime asset downtime can cause material revenue losses, and safety issues. With assets changing locations constantly, expediting spare parts is difficult to plan for.

Additive manufacturing technology in the maritime sector is growing rapidly. A 2022 report by the Maritime Port Authority of Singapore noted several market drivers including: (i) a reduced need to keep large numbers of spare parts onboard vessels, creating a more efficient inventory (ii) addressing parts obsolescence; in 2020 - the average age of the world merchant fleet was over 20 years with older vessels facing spare part delivery delays (iii) shorter turnaround times - vessels can obtain spare parts more quickly, without the need for long layovers in ports.

-Ends-

Further information
Simran Randhawa
s.randhawa@thoburns.com

About Immensa

Established in 2016, Immensa has swiftly risen to prominence as the leading AM (Additive Manufacturing) & DIS (Digital Inventory Solutions) service provider in the MENA region. Boasting state-of-the-art centers in the Kingdom of Saudi Arabia and the United Arab Emirates, Immensa serves a prominent client base that includes multinational Oil & Gas Original Equipment Manufacturers (OEMs), National Oil Companies, and International Oil Companies. With a formidable team of over 100 AM specialists and engineers, Immensa is the only company that owns and controls the entire digital supply chain, offering turnkey solutions that span assessment, digitization, and production on demand.

Companies in the energy & power sectors alone spend over US$90 billion annually on spare parts. Immensa's solution not only offers cost-saving advantages but also addresses pressing environmental concerns. According to various studies, the adoption of AM for on-demand spare parts production could lower the carbon emissions by 12.39%. Together, AM and DIS are more than just innovations; they represent a clear, vital pathway to a sustainable industrial future. 

To unlock the full potential of AM, we need to consider the transformative power of Digital Inventory Solutions. By storing digital twins of spare parts, DIS enables on-demand, localized production, eliminating substantial shipping needs. This synergy amplifies the environmental benefits of AM, shaping a new paradigm in manufacturing that aligns perfectly with global sustainability goals.

Immensa is poised to redefine the future of digital supply chains with its adoption of additive manufacturing and its innovative Immensa360 platform. By solving the key challenges of AM process integration, Immensa is catalyzing faster adoption rates, not just in the MENA region but globally.

For more information: https://immensa.io/ 

About Pelagus 3D

Pelagus 3D is an on-demand digital manufacturing partner for the maritime and offshore industry.

A joint venture company of thyssenkrupp and Wilhelmsen, Pelagus 3D leverages on additive manufacturing to ensure the availability of on-demand spare parts. With an incomparable ecosystem of global partners, a secured digital Pelagus platform, and 3D design expertise, Pelagus 3D is focused on helping customers ensure connectivity and continuity in operations without interruption. Through the Pelagus platform, Pelagus 3D is connecting OEMs, manufacturing partners, and over 4000 participating vessels and oil and gas platforms together, developing the largest database of spare parts available for additive manufacturing. 

Know more about Pelagus 3D at Pelagus.com.