Oerlikon acquires citim GmbH - a leader in production technologies for additive manufacturing (Dow Jones Institutional News)

Pfäffikon, Schwyz, Switzerland - November 30, 2016 - Oerlikon today announced  that it has signed an agreement to acquire citim GmbH, Germany (citim). citim is a leading company in additive manufacturing design and production of metal components. The acquisition expands Oerlikon's additive manufacturing technology and service portfolio with established 3D printing capabilities in Europe and in the USA.
With the acquisition of citim, Oerlikon takes an important step to become a global powerhouse in surface solutions and advanced materials. Oerlikon's knowledge in the engineering of industrial components, materials, and closely related technologies such as thermal spray and thin-film coating make it well positioned to take part in the industrialization of additive manufacturing. The acquisition of citim adds strong expertise in the area of additive manufacturing production services and paves the way for Oerlikon to become an independent service provider for additive manufacturing components. citim's core expertise  lies in metal additive manufacturing for small-series production and functional prototypes. The company operates production sites in Europe and in the USA, serving high-tech industries such as aviation, automotive and energy. In 2015, citim generated CHF 12 million in sales and profitability around the same level as the operating margin of the Surface Solutions Segment. The company has around 120 employees. Both parties agreed not to disclose the financial details of the transaction.  
Additive manufacturing expands the design envelope for high-performance industrial components and offers cost reductions compared to traditionally manufactured parts in many custom and low-volume applications. As components are built layer by layer according to the digital design until the three-dimensional object is created, it allows complex forms not achievable with traditional methods to be fabricated. In addition, it opens up new possibilities for designs with enhanced performance or functionalities. AM essentially also enables a more efficient use of materials and reduces material waste.
Oerlikon offers a leading portfolio of advanced metal-based materials and processing technologies applied across a wide range of industrial areas. Its materials portfolio of metal powders also includes materials fully qualified for additive manufacturing. Combining Oerlikon's R&D skills and knowledge in the design and engineering of industrial components, powder materials, surface technologies for post-production processing and in-house services for component production, it can now offer an integrated end-to-end service concept for additive manufacturing.
Oerlikon CEO Dr. Roland Fischer said: "The competencies and team from citim will serve to consolidate our position in the additive manufacturing business, marking the acquisition as an important move for us to drive the industrialization of additive manufacturing and to become an independent service provider for the production of additively manufactured components. We will continue to make targeted investments in the additive manufacturing market to solidify our value proposition."

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