Carpenter buys LPW Technology for $81M to expand additive portfolio
Carpenter Technology Corporation,
premium specialty alloy producer, has acquired the leading metal powder and
powder lifecycle management solutions company LPW Technology Ltd, reports have
confirmed. Valued at nearly $81 million, industry experts say the deal could
propel Carpenter to the forefront of the additive manufacturing (AM) powders
industry.
LPW Technology has gained global
recognition as a provider of powder management solutions and metal AM powders.
It has grown substantially in recent years owing to investments from companies
like Stratasys, partnerships for developing alloys and the opening of a new £20
million powder production facility this past June.
The company has around 80 employees
with operations in Pittsburgh, Pennsylvania as well, and has annual capacity of
600 tons for producing AM powders. Carpenter would be able to leverage LPW’s
metal powder lifecycle management solution by combining with its own
proficiency in producing metal powders used in AM.
Records show that Carpenter has been
significantly expanding its additive portfolio, with investments in electron
beam and PBF services firm CalRAM and titanium powder producer Puris. The
company had also recently revealed that an Emerging Technology Center would be
constructed in Athens, Alabama.
Sources familiar to the matter said
Carpenter will now gain access to LPW’s lifecycle management solutions that
offer a deep understanding into the behavior of metal powders before, during
and after they are processed, via powder-bed fusion AM. The powder management
technology allows the monitoring and tracing of metal powders by manufacturers,
for asserting quality control and ensuring reliability throughout the
production process.
LPW founder Phil Carroll stated that
the company’s enabling technology and innovative platforms would be further
solidifying Carpenter’s position as an end-to-end, next generation Additive
Manufacturing solutions provider. LPW will aid Carpenter to continuously
grow and reach a leadership position in AM, he added.
Carpenter buys LPW Technology for $81M to expand additive portfolio
![Carpenter buys LPW Technology for $81M to expand additive portfolio]()
Reviewed by GMI
on
November 27, 2018
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