Vision Miner Strengthens Position as Global Leader in Additive Manufacturing with Acquisition of AddWise
June 21, 2024 | PRNewswireEstimated reading time: 3 minutes
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.
Vision Miner is a global leader in advanced industrial 3D printing solutions. Established in 2017 and headquartered in the USA, they specialize in high-quality additive manufacturing machines and exceptional customer support. Their cutting-edge products from 3D Printers to 3D Scanners serve industries like aerospace, defense, automotive, and more.
"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."
Suggested Items
Growing Demand for Mid-Size Displays Opens New Opportunities for FMM-Free OLED Technologies
06/05/2025 | TrendForceTrendForce’s latest report on the display industry reveals that OLED technology—valued for its self-emissive structure, high contrast ratio, and lightweight design—continues to expand its market presence, primarily in small-size applications such as smartphones.
MVTec Takes a Giant Step Forward in Expanding its International Footprint
06/05/2025 | MVTec Software GmbHMVTec Software GmbH, a leading international provider of machine vision software, continues to drive the expansion of its global presence. After opening a new sales office in the Benelux region in March of this year, the company has now added two more locations. On June 1, MVTec established a sales office on the Iberian Peninsula and a subsidiary in South Korea.
IBM Officially Closes Deal, Acquiring DataStax
05/30/2025 | I-Connect007On May 28, DataStax announced that its acquisition by IBM had officially closed. The open-source database company based in Santa Clarita, California, announced the deal earlier this year, as part of its vision to accelerate AI production and NoSQL data at scale.
MVTec Expands its Program for Universities and Students
05/22/2025 | MVTecMVTec Software GmbH, one of the world's leading manufacturers of machine vision software, supports education and training in the field of machine vision.
Tax Policy Update from IPC: The House Tax Bill, and What It Means for Electronics Manufacturers
05/20/2025 | IPCOn May 13, the House Ways and Means Committee advanced a major tax package that includes several provisions supported by IPC. These provisions—including restoring bonus depreciation, immediate R&D expensing, and strengthening the pass-through deduction—were identified by IPC members as key tools that would help them invest, grow, and compete more effectively.