Allegheny Technologies Incorporated, headquartered in Pittsburgh, Pennsylvania, USA, has acquired Addaero Manufacturing, New Britain, Connecticut, USA, a leading AM company specialising in the aerospace and defence sectors. Financial terms of the acquisition were not disclosed.
Addaero Manufacturing was established in 2013 by three experienced aerospace and AM technology professionals. The company has extensive in-house capabilities and is AS9100C and ISO 9001:2008 certified.
“This strategic acquisition brings together ATI’s deep knowledge and experience in commercial aerospace and our industry-leading powder metal manufacturing capabilities, including our new aerospace-qualified Bakers Powder Operations, and Addaero’s technical expertise to produce aerospace quality parts using various Additive Manufacturing technologies,” stated Rich Harshman, ATI’s Chairman, President and Chief Executive Officer.
“Addaero’s competencies are a natural extension of ATI’s metallic powder expertise and will expand our capabilities to provide comprehensive customer solutions ranging from the design of parts for Additive Manufacturing to the production of ready-to-install components. The acquisition of Addaero is another building block in our strategy to enhance ATI’s full specialty materials capabilities to provide end customers with finished products,” Harshman continued.
“We are excited to have Rich Merlino and the entire Addaero team join ATI,” added John Sims, ATI’s Executive Vice President, High Performance Materials and Components Segment. “They bring an extraordinary amount of aerospace and defence industry knowledge and real-world Additive Manufacturing experience. The complementary nature of our two businesses will allow for a seamless integration; creating a more capable end-to-end metallic powder component supplier to our key customers.”
“The Addaero team is excited to be a part of ATI. The combination of ATI and Addaero will increase the speed to market of new and innovative additively manufactured powder metal solutions for our aerospace and defence customers and beyond,” stated Rich Merlino, President, Addaero Manufacturing.