Pelagus partners with MENA’s largest digital manufacturer – Immensa

$2 billion market opportunity set to open up, as partnership of two global leaders in their respective sectors targets MENA region expansion

Pelagus, a joint venture company of thyssenkrupp and Wilhelmsen, announces it has signed a Strategic Collaboration Agreement (“the Partnership”) with Immensa, MENA’s largest digital manufacturer to develop spare parts for the maritime and energy industries.

​

The Partnership will see Pelagus and Immensa combine their respective strengths in additive manufacturing and digital inventory solutions to enhance service offerings and expand their market presence in the Middle East and North Africa (MENA) region.

​Pelagus’s secure Pelagus platform serves as the main connection between customers such as vessel managers and Original Equipment Manufacturers (OEMs) for on-demand spare parts manufacturing.

Immensa will serve as the exclusive service provider for projects initiated through Pelagus's platform in the territory and will also distribute Pelagus’s products within the maritime and energy sectors.

​The ultimate aims are to (i) streamline supply chain processes (ii) expand OEM networks and (iii) deliver significant improvements in service provision to end users in the MENA region.

The Partnership is mutually exclusive for both parties within the designated territories – providing a strong foundation to align efforts – and to maximise the reach and efficiency of the partners’ combined services. The Partnership will broaden Pelagus’s services in the energy sector.

​"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 – which is developing the largest database of spare parts for additive manufacturing in the maritime and offshore industry - to transform inventory management across sectors,” added Fahmi Al Shawwa, Chief Executive Officer of Immensa.

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

​The global energy sector spare parts market is estimated to be worth over US$90 billion, of which $18 billion is immediately ripe for digitising and converting to a digital supply chain. The MENA region accounts for over $4 billion.

Pelagus and Immensa conservatively estimate the Partnership will open up at least $2 billion of new, incremental potential revenues – an increase in the region of over 50%.

“This marks a significant milestone in our mission to drive the 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,” said Haakon Ellekjaer, Chief Commercial Officer of Pelagus.

​Pelagus remains committed to elevating the Pelagus platform, ensuring timely and quality delivery of spare parts to customers in the region.

​​

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/

Accompanying Media

From Left to Right: