Cincinnati Inc. (CI; Harrison, OH) and New Valence Robotics Corp. (NVBOTS; Boston) announced the closing of CI’s acquisition of NVBOTS. All employees of NVBOTS will be retained and the base of operations will remain in Boston for the foreseeable future. Other terms of the acquisition were not disclosed.
CI partnered with NVBOTS as a value-added reseller in 2016 to complement its large-scale additive machine tool solution.
“Cincinnati Inc.’s participation in additive manufacturing has been within the large scale arena with big area additive manufacturing (BAAM),” said Carey Chen, CI President, CEO, and Vice Chairman. “NVBOTS naturally compliments CI’s capabilities with smaller scale additive manufacturing systems, the growing ability to print in a wide array of materials, and automated solutions including cloud-based management software,” said Chen.
The NVBOTS small-scale 3D printer, rebranded as SAAM (small area additive manufacturing) and pictured above, offers large-scale designers a “print preview” for large prints and also penetrates new market segments outside the scope of BAAM.
Cincinnati Inc. was originally founded in 1898 as The Cincinnati Shaper Company. The company is a global technology leader in manufacturing laser cutting systems, press brakes, shears, powdered metal presses and additive manufacturing machines.
“This partnership represents an exciting opportunity to extend NVBOTS’ core mission to make 3D printing as easy as printing on paper, and to fulfill our long-term vision where anyone can 3D print any part, in any material, anytime, anywhere,” said AJ Perez, NVBOTS chairman and co-founder.
New Valence Robotics was spun out of MIT in 2014 by a team of four MIT engineers. It provides enterprise and industrial 3D printing solutions that deliver high throughput production of parts in metals, composites, ceramics and polymers for functional applications.