AddWise Acquired by Vision Miner
This strategic move solidifies Vision Miner's position in the additive manufacturing industry, enhancing its in-house manufacturing capabilities.
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June 24, 2024
Vision Miner, provider of industrial 3D printing solutions, reports the acquisition of AddWise, industrial manufacturer of 3D printing machines and related products valued at $14 million. This strategic move solidifies Vision Miner's position in the additive manufacturing industry, enhancing its in-house manufacturing capabilities and expanding its global footprint.
“The acquisition of AddWise is a transformative milestone for Vision Miner,” says Patrick Smith, founder & CEO of Vision Miner. “By combining our 8 years of experience and success in the industry with AddWise's advanced manufacturing capabilities, we are now better positioned than ever to deliver the most innovative and reliable industrial 3D printing solutions to our global customer base.”
Vision Miner has been trusted by industry leaders such as NASA, Northrop Grumman, Lockheed Martin, SpaceX, Tesla, and the US Air Force and Army. The company's expertise was instrumental in solving NASA's challenge of printing a small part in CF PEEK for the filtration system of their new spacewalk suits. Vision Miner has seen its parts being used in aircraft, military and defense applications, the International Space Station, race cars, oil platforms, and other critical applications worldwide.
Vision Miner's products, such as its nano Polymer Bed Adhesive and the 22 IDEX 3D Printer, have made their mark on the industry, the company reports. Vision Miner has also formed strategic partnerships with companies like Shining 3D.
The acquisition of AddWise is the beginning of Vision Miner's expansion plans. With new facilities in the USA and Europe, the factory is expanding its production line while also bringing in new machinery for automation of other products. With new products in development, Vision Miner will soon be entering more markets in the additive manufacturing industry.
Vision Miner currently has over 25 dealers worldwide and plans to continue expanding its global presence by accepting new qualified dealers to their team. This expansion will allow the company to bring theirproducts to more users worldwide.
“Our mission is to revolutionize the additive manufacturing industry by providing the most advanced, reliable, and cost-effective solutions to businesses worldwide,” adds Smith. “With the acquisition of AddWise and our ongoing expansion, we are well-positioned to drive innovation and deliver unparalleled value to our customers.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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