Accuron Technologies invests in WAAM3D, accelerates growth
January 5, 2024 11:34 am
Accuron Technologies strengthens its commitment to wire arc additive manufacturing (WAAM) by acquiring a majority interest in WAAM3D Ltd, showcasing confidence in the technology’s prospects for revolutionizing manufacturing across industries.
Accuron Technologies, a precision engineering and technology group, makes additional investments and acquires a majority interest in its associate company, WAAM3D Ltd (WAAM3D). The latest investment underscores the commitment of Accuron 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,” said TAN Kai Hoe, Group CEO & President of Accuron Technologies. “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.”
He added, “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.”
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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 centre. This joint venture seeks to develop and advance the technical expertise necessary to implement WAAM for parts manufacturing in Singapore and the surrounding region.