GKN Powder Metallurgy has announced the acquisition of FORECAST 3D, US specialist in plastic additive manufacturing. The provider of 3D Printing services also offers full-run 3D production using HP MJF technology.
For the producer of metal powder and parts, this acquisition furthers GKN Powder Metallurgy’s ambition to achieve global market leadership in industrializing additive manufacturing.
The combination creates a geographic and market expansion for GKN Powder Metallurgy’s conventional and additive manufacturing customers.
FORECAST 3D, headquartered in Carlsbad, California and founded in 1994, serves a diversified target audience in the North American west coast. Prior to the acquisition, GKN Powder Metallurgy’s primary market focus was in North America’s midwestern region, as well as Europe and China. Indeed, earlier at the beginning of this year, the additive manufacturing business unit of the company opened customer center in China.
By combining both businesses, GKN Powder Metallurgy now serves all markets with a full range of 3D printing production technology and an expanded global footprint.
“FORECAST 3D is a perfect fit,” said Peter Oberparleiter, CEO, GKN Powder Metallurgy. “They are everywhere we aren’t – geographies, markets, technologies and base materials. Combining our individual capabilities will present unparalleled advantages to our customer bases and enable us to cross-promote additive manufacturing in metal and plastic over more diversified markets. It is an important step on our journey to become No. 1 in this high growth market.”
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