IRVINE,
Calif., June 20, 2024 /PRNewswire/ -- Vision
Miner, a leading global provider of high-quality industrial 3D
printing solutions, today announced the acquisition of AddWise, a
prominent industrial manufacturer of 3D printing machines and
related products valued at $14
million. This strategic move solidifies Vision Miner's
position as a powerhouse 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," said 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 experienced continued growth since 2017.
Recently achieving a 120% increase in revenue with profitability
exceeding industry standards. Debt-free and financially strong, the
company is well-positioned for rapid expansion, with projections to
grow tenfold in the near future.
As a leader in printing high-temperature performance materials,
Vision Miner has been trusted by industry giants 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's
ability to adapt and overcome challenges has led to their parts
being used in aircraft, military and defense applications, the
International Space Station, race cars, oil platforms, and many
other critical applications worldwide.
"Every week, we get the opportunity to work on something new and
exciting," said Smith. "Getting to work on so many special and
secret projects is simply rewarding. There is never a dull day at
Vision Miner."
Vision Miner's products, such as their patent-pending Nano
Polymer Bed Adhesive and the successful 22 IDEX 3D Printer, have
set new standards in the industry. The 22 IDEX machine solves the
problem of printing high-performance materials repeatedly with
precision, speed, and affordability, making it a top choice for
industry leaders.
The company's success has been recognized with numerous awards,
including 3D Printing Industry's Company of the Year in 2022, and
being featured as a panelist for the 3D Printing Industry Awards in
2023. Published in multiple articles and websites worldwide, Vision
Miner has earned its place as a Leader in the Industry.
Vision Miner has also formed strategic partnerships with
companies like Shining 3D. Becoming one of their top dealers of
advanced 3D Scanners & Software and being recognized as a
Diamond Distributor in the USA
market.
The acquisition of AddWise is just the beginning of Vision
Miner's expansion plans. With new facilities in the USA and Europe, the company is poised for significant
growth. The factory is expanding its production line while also
bringing in new machinery for automation of their 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 their exceptional products 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," added Smith.
"With the acquisition of AddWise and our ongoing expansion, we are
well-positioned to drive innovation and deliver unparalleled value
to our customers."
For more information about Vision Miner and its cutting-edge
industrial 3D printing solutions, please visit
www.visionminer.com.
Contact Information:
- Media Contact: Rob
Lent
- Phone: 833-774-6863
- Email: contact@visionminer.com
About Vision Miner: Vision Miner is a global leader in advanced
industrial 3D printing solutions, with headquarters in the United States and a strong presence in
Europe. The company is dedicated
to delivering professional, high-quality additive manufacturing
machines and exceptional customer support to businesses worldwide.
With a focus on innovation and a commitment to driving the industry
forward, Vision Miner is well-positioned for substantial growth and
success in the years ahead.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vision-miner-strengthens-position-as-global-leader-in-additive-manufacturing-with-acquisition-of-addwise-302178038.html
SOURCE Vision Miner