Additive manufacturing technology company Titomic is to buy a Silicon Valley-based advanced manufacturing group and form a new subsidiary Titomic USA to access the North American market.
The company told investors today it had agreed to buy Tri-D Dynamics Inc, a manufacturing technology company focusing on smart pipeline manufacture.
The US business was established by graduates from UC San Diego and was the first company in the world to 3D print a rocket engine and fly it.
With experience gained at organisations such as SpaceX and NASA, Tri-D has developed its own Smart Metal Fusion technologies to create electrostructural materials – a fusing of sensors and circuitry and structural metal to monitor and power assets.
Titomic’s own Titomic Kinetic Fusion additive manufacturing technology would seem complementary to that of Tri-D.
Titomic interim CEO Norbert Schulze said: “The acquisition of the Tri-D business is an important part of our US market strategy and will add Silicon Valley innovation and dynamics to develop novel and disruptive applications in line with our growth strategy.”
The company did not reveal how much it will pay for Tri-D,. but the company’s founders will join Titomic’s staff.
Titomic USA will focus on defence, aerospace and oil and gas initiatives, according to Schulz.
“Titomic USA will benefit from Tri-D’s existing product portfolio and contracts with clean technology, oil and gas, as well as surveying industries.
“Additionally having Titomic commercial and technical employees on the ground in North America will help accelerate Titomic’s service offering and product portfolio in the region.”
Titomic recently announced a joint venture with UK’s Neos.
Picture: Tri-D Dynamics
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