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.”
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.
