Temasek owned Accuron Technologies on Tuesday said it has invested in a UK-based additive manufacturing startup, taking a more than 20 per cent stake in the company it thinks could “transform manufacturing”. Accuron declined to reveal the amount it invested in the startup, WAAM3D, but said the stake was a “substantial one”, even if it isn’t a majority interest.
Meanwhile, the startup has said it intends to add as many as 20 employees to its team in the coming year to scale up operations.
WAAM3D is a company spun out from Cranfield University, which specialises in wire-based additive manufacturing (WAAM) research.
A form of 3D printing, wire-based additive manufacturing has the potential to produce large metal components with low costs and short production lead-times. The process involves using an electric arc or laser to melt metal wire.