Acquisitions, Mergers & PartnershipsMetal Additive ManufacturingMoney & Funding

Accuron Technologies makes further investment in WAAM3D

The additional acquisition in its associate company now means Accuron owns a majority interest

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Accuron Technologies, a global precision engineering and technology group, has made an additional investment – acquiring a majority interest in its associate company, WAAM3D. The latest investment underscores Accuron’s commitment to WAAM3D, and its confidence in the prospects for wire arc additive manufacturing (WAAM) in the manufacturing landscape.

“We are excited about our journey with WAAM3D. As the company’s first strategic investor when it was spun out of Cranfield University, we provided additional resources to support its growth as the company developed. I see this as a testament of the shared belief the founders and we have in the company, as well as the mutual trust we have developed over the past years,” said TAN Kai Hoe, Group CEO and President of Accuron Technologies. “In addition to providing financial support, Accuron’s industrial expertise and network also help to accelerate the company’s technology, product, and business development, but we think it takes a village to raise a child. Indeed, we look forward to working with partners and customers in a long-term relationship to bring this innovative, energy-efficient, and disruptive WAAM technology to key manufacturing industries. I am convinced WAAM will enable us to serve these industries to shape better lives.”

Accuron Technologies makes further investment in WAAM3D. The additional acquisition means Accuron owns a majority interest.
Wire arc additive manufacturing from WAAM3D.

WAAM3D was founded in 2018 by Cranfield University as a spin-out company to commercialize WAAM technology developed by its world-leading research group in this area. In late 2019, Accuron provided initial investment funding for WAAM3D’s transition into an independent entity. Since then, WAAM3D has successfully developed complete turnkey solutions, through in-house development and strategic partnerships, to address their customers’ needs for WAAM equipment, dedicated software, wires, parts, and part-making expertise. WAAM3D continues to work closely with Cranfield University to ensure that the company’s products and services are always at the forefront of new technological innovation in wire-based direct energy deposition additive manufacturing.

Using advanced WAAM techniques, WAAM3D allows manufacturers in the aerospace, oil and gas, mining, semiconductor, and other industries to make large-format parts with greater design freedom, lower costs, lower environmental footprint, and shorter lead times.

WAAM3D and Accuron have also established Addept3D, a Singapore-based WAAM application center. This joint venture seeks to develop and advance the technical expertise necessary to implement WAAM for parts manufacturing in Singapore and the surrounding region.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.