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Wednesday, August 3, 2016
Release
Siemens has acquired a majority stake (85 percent) in Materials Solutions Ltd., one of the world leaders in Additive Manufacturing (AM) processing and production. The remaining 15 percent will be held by the founder of the company Carl Brancher. Materials Solutions in Worcester is a pioneer in the use of Selective Laser Melting (SLM) technology for the manufacture of high-performance metal parts. A specialty of the company is making turbomachinery parts, particularly high temperature applications for gas turbines where accuracy, surface finish and the highest quality of the materials is critical to ensure operational performance of the parts in service. In August 2015, Siemens Venture Capital acquired a minority stake (14 percent) in the company that currently employs more than 20 highly qualified engineers. Financial details of the deal were not disclosed.
“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 & Gas portfolio,” said Willi Meixner, CEO of Siemens Power and Gas Division.
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