Cincinnati Incorporated (“CI”) and New Valence Robotics Corporation (“NVBOTS”) 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, MA 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 BAAM (Big Area Additive Manufacturing), its large-scale additive machine tool solution. The NVBOTS small-scale 3D printer, rebranded as SAAM (Small Area Additive Manufacturing), offers large-scale designers a “print preview” for large prints and also penetrates new market segments outside the scope of BAAM.
“Cincinnati Incorporated’s participation in additive manufacturing has been within the large scale arena with BAAM. 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 Carey Chen, CI president, CEO, and vice chairman.
“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.