FIT AG, Lupburg, Germany, and Caterpillar Inc, Peoria, Illinois, USA, have announced a strategic alliance agreement that focuses on the design and Additive Manufacturing of aluminium and titanium parts. By joining Caterpillar’s product-specific knowledge and FIT’s additive design expertise, the new alliance aims to take advantage of the benefits of Additive Manufacturing in the heavy equipment manufacturing sector.
It was stated that the that the new alliance will complement ongoing work in Caterpillar’s Additive Manufacturing Factory and strengthen FIT’s commitment to the industrial equipment market.
“We are thrilled to enter into a strategic alliance with Caterpillar. Caterpillar is a world leader in many markets, which will benefit greatly from Additive Manufacturing. However, this requires innovative technologies and new thinking combined with experience and deep know-how. Our companies complement each other with their respective strengths,” stated Carl Fruth, CEO of FIT AG.
“Caterpillar has a long history of creating innovative products designed to fit the needs of our customers and entering into a strategic alliance with a leader in Additive Manufacturing will help further that tradition,” added Stacey DelVecchio, Caterpillar Additive Manufacturing Project Manager. “Not only will Caterpillar now have access to FIT AG’s cutting-edge technologies in Additive Manufacturing but this alliance will also help accelerate our adoption of 3D printing.”
It was stated that the strategic alliance between FIT AG and Caterpillar will have an initial three-year term and will evolve to the next step based on the success of the alliance.