Siemens strengthens footprint in additive manufacturing

• 7 years ago (2016-08-03)
• David Flin

North America 998

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Siemens has acquired an 85 per cent majority stake in Materials Solutions , a world leader in Additive Manufacturing (AM) processing and production. The remaining 15 per cent will be held by Carl Brancher, founder of Materials Solutions. The company is a pioneer in the use of Selective Laser Melting (SLM) technology for the manufacture of high-performance metal parts. In August 2015, Siemens Venture Capital acquired a 14 per cent minority stake in the company.

Willi Meixner, CEO of Siemens Power and Gas Division, said: “With the acquisition of Materials Solutions, we are able to secure world-leading expertise in materials and AM process development with focus on high-temperature super alloys. The company’s strength is to turn models into high quality components in record time. Clearly, Materials Solutions fits perfectly within our vision for growth and application of advanced technologies within our Power and Gas portfolio.”