SLM Solutions Group AG: SLM Solutions: Partnership agreed with ROSSWAG and CRONIMET in metal powders area
SLM Solutions: Partnership agreed with ROSSWAG and CRONIMET in metal powders area
Cooperation aims to develop, produce and distribute special and high-performance alloys for applications in additive manufacturing Joining forces, the three partners especially aim to develop steel alloys for applications and workpieces in the high-temperature environment SLM Solutions will act as exclusive sales and distribution partner for the special and high-performance alloys that are developed
Lübeck, 14 November 2017 - SLM Solutions Group AG ("SLM Solutions"), a leading supplier of metal-based additive manufacturing technology, has today agreed a partnership with ROSSWAG GmbH ("Rosswag") and CRONIMET Holding GmbH ("CRONIMET"). The partnership aims to jointly develop special and high-performance alloys for application in additive manufacturing.
Uwe Bögershausen, Management Board member of SLM Solutions Group AG, comments: "We're very pleased to announce this partnership with Rosswag and CRONIMET. Both companies are proven specialists in their respective areas. This partnership supports us on our continued path to becoming an integrated solution provider in the field of additive manufacturing." Rosswag will take over the production and optimisation of the jointly developed metal powders. CRONIMET will supply the processed raw materials for atomisation from its CRONIFOND product line. SLM Solutions contributes the requisite know-how from additive manufacturing and will assume responsibility for the exclusive distribution of the metal powders that are developed.
As Dr.-Ing. Sven Donisi, CEO of ROSSWAG GmbH explains: "We decided in favour of this close collaboration with SLM Solutions - ranking as a market-leading solutions provider in the additive manufacturing area - as they supplement our process expertise, and understand users' requirements." Gregor Zenkner, Business Development Manager at CRONIMET Holding GmbH, adds: "SLM Solutions also has the right network and dedicated capacities to distribute the developed and produced metal powders in large volumes on a targeted basis."
Thanks to this partnership between SLM Solutions, Rosswag and CRONIMET, SLM Solutions customers will soon enjoy access to further and even more extensive solutions in the materials area.
About SLM Solutions Group AG:
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology. The company's shares are traded in the Prime Standard of the Frankfurt Stock Exchange. The stock has been listed in the TecDAX index since March 21, 2016. SLM Solutions focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 360 members of staff in Germany, the USA, Singapore, Russia, India and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.
Rosswag GmbH is a medium-sized family-owned company with more than 200 employees. Under the name Edelstahl Rosswag, the company is known as South Germany's largest open-die forge with its over 100 years' experience in handling metal materials. In a comprehensive process chain, 400 different alloys are processed into highly durable forge and ring rolling products, including for energy engineering, the aerospace industry, power plant technology, pump manufacturing and the optoelectronics industry.
Founded in 2014, the Rosswag Engineering Division expands the product portfolio to include engineering services and innovative manufacturing methods. In 2017, the additive manufacturing area, which is integrated within the company, was supplemented by an in-house metal powders manufacturing operation.
About the CRONIMET Group
Karlsruhe-based CRONIMET Group is a worldwide specialist in stainless steel scrap, superalloys, ferroalloys and primary metals. The company has been supplying raw materials to the stainless-steel manufacturing industry for three decades, with a focus on trading & sales, recycling, and production & services. Founded in 1980, the company is present today at 61 locations worldwide and a workforce of more than 5,400 members of staff.
Contact: Georg Grießmann, cometis AG, Unter den Eichen 7, 65195 Wiesbaden
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14.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: SLM Solutions Group AG Roggenhorster Strasse 9c 23556 Lübeck
Germany Internet: www.slm-solutions.com ISIN: DE000A111338 WKN: A11133 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service