Materials Solutions announces strategic investment from Siemens Venture Capital
August 26, 2015
Materials Solutions Limited, Worcester, UK, one of the largest commercially available metals Additive Manufacturing centres worldwide, has announced a strategic investment from the Venture Capital Unit of Siemens (SVC).
Materials Solutions is a specialist in Additive Manufacturing of high performance nickel superalloy components for gas turbines (land based and aero engines), specialist steels and titanium components for aero systems and auto sports.
Announcing the investment, Materials Solutions founder and CEO Carl Brancher stated, “I am extremely pleased that SVC has chosen to invest in Materials Solutions. I believe this investment validates Materials Solutions as the global technology leader in Additive Manufacturing of nickel superalloys.”
“Since starting up in 2006, Materials Solutions has developed high performance materials and manufacturing processes for laser powder bed Additive Manufacturing particularly targeting gas turbine applications. Our capabilities in Additive Manufacturing reduce development time and improve new product performance for our customers.”
“There are now strong signs that Additive Manufacturing will move into mainstream production for land and aero gas turbine components,” stated Ralf Schnell, CEO of the Venture Capital Unit of Siemens. “Materials Solutions are outstanding in capability and experience and we will support their expansion.”
“My team and I are very excited about the huge benefit for Siemens’ Additive Manufacturing Industrialisation Strategy resulting from this strategic collaboration,” added Andreas Fischer-Ludwig, Director Manufacturing Development & Industrialization, for Siemens Large Gas Turbines, Generators Business Unit.
“We know the people at Materials Solutions well and they provide strong support for the introduction of Additive Manufacturing into our large gas turbines and distributed power generation products,” added Markus Seibold, Head of Enabling Manufacturing Technologies at Siemens Large Gas Turbines, Generators Business Unit.
Read our report on Materials Solutions Ltd in
Metal Additive Manufacturing Vol. 1 No. 1, Spring 2015
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