Cincinnati Incorporated Acquires New Valence Robotics Corporation
March 1, 2018
Cincinnati Incorporated (CI) and New Valence Robotics Corporation (NVBOTS) have announced 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.
CI partnered with NVBOTS as a value-added reseller in 2016 to complement Big Area Additive Manufacturing (BAAM), its large-scale additive machine tool solution. The NVBOTS small-scale 3-D printer, rebranded as Small Area Additive Manufacturing (SAAM), 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 (AM) has been within the large-scale arena with BAAM," said Carey Chen, CI President, CEO and Vice Chairman. "NVBOTS naturally complements CI's capabilities with smaller scale AM systems, the growing ability to print in a wide array of materials and automated solutions including cloud-based management software."
AJ Perez, NVBOTS Chairman and Co-founder, said, "This partnership represents an exciting opportunity to extend NVBOTS' core mission to make 3-D printing as easy as printing on paper, and to fulfill our long-term vision where anyone can 3-D print any part, in any material, anytime, anywhere."
For more information contact:
Cincinnati Incorporated
7420 Kilby Road
Harrison, OH 45030-8915
513-367-7100
info@e-ci.com
www.e-ci.com
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