Additive manufacturing
Siemens buys Materials Solutions
Siemens intends to further strengthen its position in the field of additive manufacturing with the purchase of Materials Solutions. The Power and Gas Division in particular is set to benefit from the newly acquired expertise.
At the beginning of August, Siemens acquired a majority stake of 85% in Materials Solutions. The company, based in Worcester, UK, currently employs more than 20 engineers and, according to Siemens, is a pioneer in the use of the so-called "Selective Laser Melting" (SLM) process for the production of high-performance metal components. In this process, metal powder is melted piece by piece into a solid workpiece with the help of a laser.
"With the acquisition of Materials Solutions, we are securing world-leading expertise in materials and process development for additive manufacturing, particularly with high-temperature-resistant superalloys. The company's strength lies in its ability to convert 3D models into high-quality components within a short period of time. Materials Solutions fits perfectly into our growth strategy and fits seamlessly into our vision to increase the use of future-oriented technologies in our Power and Gas portfolio," said Willi Meixner, CEO of the Siemens Power and Gas Division.
The remaining 15% of the company will be held by the company's founder Carl Brancher. The parties have agreed not to disclose the financial details of the agreement.
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