Premium AEROTEC, an aerospace manufacturing company, has announced the acquisition of APWORKS, a 3D printing business formerly owned by Airbus.
It was founded in 2013 as a spin-off of the Airbus Group, and has since been established as a significant player within the metal additive manufacturing market as a company that works closely with its clients to identify solutions, and address them. The company acts to pinpoint the components that would be suitable for additive manufacturing, and then assist their partners as they take on this new way of producing the part. It boasts specialist knowledge in prototyping, development and distribution of Scalmalloy, a high-strength aluminium alloy, the development of qualified mass production applications, as well as the development of AM software.
Taking over the APWORKS business, Premium AEROTEC wants to continue the good work the company has produced over the last five years, and drive the application of AM within the aerospace sector.
“Our investment has created a powerful alliance between Premium AEROTEC and APWORKS which opens up all of the opportunities in additive manufacturing for both actual and future clients," said Dr. Thomas Ehm, Chairman of the Executive Board at Premium AEROTEC. “We want to actively support APWORKS on its dynamic growth journey. With our experience as a pioneer in metal 3D printing and our knowledge of the tried and trusted quality standards in aerospace, we are the industrial reference point for APWORKS’ innovative ideas.”
“With Premium AEROTEC coming on board, we can take a huge step closer to our vision of industrial mass production using additive manufacturing technology,” added Joachim Zettler, Managing Director of APWORKS. “The aim is to combine APWORKS’ highly dynamic approach in solving the issues posed by our clients’ additive manufacturing questions with Premium AEROTEC’s decades of production experience to elicit maximum benefit for our clients from each and every industry, throughout the entire additive manufacturing value added chain.”
Though Premium AEROTEC takes Airbus’ place as the sole shareholder of APWORKS, the company will continue to operate as an independent company with its own market presence. Premium AEROTEC and Airbus have also agreed not to disclose the purchasing price.