Wohlers Associates has been acquired by ASTM International, enhancing ASTM's position in the additive manufacturing sector and enabling the establishment of critical industry standards.
Target Overview
Wohlers Associates, led by industry expert Terry Wohlers, is recognized worldwide for its expertise in 3D printing and additive manufacturing (AM). The company has established itself as a premier source of analysis and intelligence over the past 30 years, particularly through its flagship publication, the Wohlers Report. This acquisition will enhance ASTM International's capabilities in developing standards for the rapidly evolving AM sector.
The successful sale to ASTM International was facilitated by STS Capital Partners, underscoring the growing significance of 3D printing in the manufacturing landscape. Shamil Hargovan, Managing Director at STS, emphasized the comprehensive approach taken to identify potential acquirers that aligned with Wohlers Associates' vision, ultimately leading to a successful negotiation with ASTM.
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Industry Overview in the United States
The United States is at the forefront of the global additive manufacturing industry, which has experienced exponential growth over the last decade. The market is driven by technological advancements, increased adoption of 3D printing across various sectors suc
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ASTM International
invested in
Wohlers Associates
in 2022
in a Merger deal