Carpenter Acquires Additive-Manufacturing Company
Carpenter Technology Corp. acquired LPW Technology Ltd. (LPW), a developer and supplier of advanced metal powders and powder lifecycle-management solutions to the additive-manufacturing (AM) industry, for approximately $81 million. LPW is based in Widnes, Cheshire (U.K.), with additional processing operations near Pittsburgh, Pa. The company employs about 80 people.
The acquisition combines LPW’s metal-powder lifecycle-management technology and processes with Carpenter’s technical expertise in producing highly engineered metal powders and additively manufactured components.
Lifecycle-management technology is becoming increasingly important to understanding how materials behave before, during and after production in the powder-bed fusion process. Understanding powder behavior is critical as AM becomes more widely implemented across various industries.