ATI Acquires Metal AM Company
Allegheny Technologies Inc. (ATI) acquired New Britain, Conn.-based Addaero Manufacturing, a metal-alloy-based additive-manufacturing company for the aerospace and defense industries. The acquisition brings together ATI’s knowledge and experience in commercial aerospace and its powder-metal manufacturing capabilities with Addaero’s technical expertise to produce aerospace-quality parts using various additive-manufacturing technologies.
According to ATI, the complementary nature of the two businesses will allow for a seamless integration and create a more capable end-to-end metallic-powder component supplier. The acquisition of Addaero will expand ATI’s capabilities to provide comprehensive customer solutions ranging from the design of parts for additive manufacturing to the production of ready-to-install components.