3D Printing Joint Ventures Abound

Posted by on Feb 19, 2019 in 3D Printers, Investing

3D Printing Joint Ventures Abound
3D Printing Joint Ventures Abound

Australian metal 3D printer manufacturer, Aurora Labs, has entered a joint venture with WorleyParsons Services, a Sydney-based engineering and consulting company.

The 50/50 shared venture will bring Aurora Labs and Advision Digital, a software and data science expert owned by WorleyParsons, to form AdditiveNow.

AdditiveNow will provide an additive manufacturing service package to clients in the oil & gas and mining industry.

Aurora Labs’ Managing Director, David Budge, said, “The finalization of this joint venture is a significant step forward for Aurora Labs and for the 3D printing industry as a whole […] We look forward to helping our new broader network of customers to find business advantage through 3D printing solutions, especially across the mining, oil & gas and major infrastructure sectors.”

Aurora Labs is known for the S-Titanium Pro and Alpha 3D printer. The S-Titanium Pro in particular is significantly cheaper than most industrial metal 3D printers and also has an open source approach to materials. These were cited as primary reasons for the sales boost Aurora Labs received in the Q1 FY2019.

Aurora Labs has been in partnership with WorleyParsons since 2017, but now bringing Advision Digital onboard, Aurora Labs will provide AM services to its client and build digital inventories.